Global X E-Commerce ETF (NASDAQ:EBIZ) Sees Significant Increase in Short Interest

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 10,123 shares, an increase of 28.0% from the January 15th total of 7,910 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are sold short.

Global X E-Commerce ETF Price Performance

Shares of Global X E-Commerce ETF stock opened at $28.44 on Wednesday. Global X E-Commerce ETF has a 1 year low of $23.51 and a 1 year high of $36.00. The stock has a fifty day moving average price of $32.32 and a 200-day moving average price of $33.19. The firm has a market cap of $43.80 million, a PE ratio of 21.86 and a beta of 1.26.

Global X E-Commerce ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a $0.0686 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 42.0%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EBIZ. UBS Group AG increased its position in shares of Global X E-Commerce ETF by 0.8% in the third quarter. UBS Group AG now owns 268,101 shares of the company’s stock worth $9,395,000 after purchasing an additional 2,124 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Global X E-Commerce ETF by 61.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after acquiring an additional 24,979 shares during the period. Susquehanna International Group LLP increased its position in shares of Global X E-Commerce ETF by 111.4% during the third quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock valued at $1,879,000 after buying an additional 28,245 shares during the period. Flow Traders U.S. LLC purchased a new position in Global X E-Commerce ETF during the third quarter valued at $1,539,000. Finally, Cetera Investment Advisers grew its holdings in Global X E-Commerce ETF by 9.7% in the fourth quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock worth $767,000 after purchasing an additional 2,077 shares during the period.

About Global X E-Commerce ETF

The Global X E-commerce ETF (EBIZ) is an exchange-traded fund that is based on the Solactive E-commerce index, a market-cap-weighted index of global e-commerce companies, including online retailers, retail platforms, and supporting businesses. EBIZ was launched on Nov 27, 2018 and is managed by Global X.