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

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 13,112 shares, an increase of 29.5% from the January 29th total of 10,123 shares. Based on an average daily volume of 12,725 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are short sold. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 12,725 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Global X E-Commerce ETF during the 2nd quarter worth $31,000. Founders Financial Alliance LLC acquired a new position in Global X E-Commerce ETF in the 3rd quarter valued at about $78,000. Sei Investments Co. purchased a new stake in shares of Global X E-Commerce ETF in the 2nd quarter valued at approximately $213,000. Northbridge Financial Group LLC purchased a new stake in shares of Global X E-Commerce ETF in the 4th quarter valued at approximately $251,000. Finally, Golden State Equity Partners acquired a new stake in shares of Global X E-Commerce ETF during the 4th quarter worth approximately $284,000.

Global X E-Commerce ETF Trading Down 1.2%

Global X E-Commerce ETF stock opened at $28.02 on Tuesday. Global X E-Commerce ETF has a 12-month low of $23.51 and a 12-month high of $36.00. The firm has a 50-day moving average price of $31.56 and a 200-day moving average price of $32.93. The firm has a market capitalization of $43.15 million, a PE ratio of 21.86 and a beta of 1.26.

Global X E-Commerce ETF Dividend Announcement

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

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.