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

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 28,510 shares, a growth of 97.2% from the March 15th total of 14,461 shares. Based on an average daily volume of 3,471 shares, the days-to-cover ratio is presently 8.2 days. Currently, 2.8% of the shares of the company are short sold.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock opened at $27.26 on Monday. The firm has a 50 day moving average of $28.08 and a 200 day moving average of $31.48. The firm has a market capitalization of $28.08 million, a price-to-earnings ratio of 21.86 and a beta of 1.27. Global X E-Commerce ETF has a 12-month low of $25.14 and a 12-month high of $36.00.

Institutional Investors Weigh In On Global X E-Commerce ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of Global X E-Commerce ETF during the 3rd quarter valued at approximately $1,539,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Global X E-Commerce ETF by 61.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock valued at $2,014,000 after acquiring an additional 24,979 shares during the last quarter. UBS Group AG boosted its position in shares of Global X E-Commerce ETF by 0.8% during the 3rd quarter. UBS Group AG now owns 268,101 shares of the company’s stock valued at $9,395,000 after acquiring an additional 2,124 shares during the last quarter. Susquehanna International Group LLP boosted its position in shares of Global X E-Commerce ETF by 111.4% during the 3rd quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock valued at $1,879,000 after acquiring an additional 28,245 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Global X E-Commerce ETF by 9.7% during the 4th quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock valued at $767,000 after acquiring an additional 2,077 shares during the last quarter.

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.