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

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,500 shares, a growth of 15.4% from the March 15th total of 1,300 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 0.2 days.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock remained flat at $22.21 during trading hours on Tuesday. The company’s stock had a trading volume of 2,950 shares, compared to its average volume of 8,920. The business’s 50 day moving average price is $22.89 and its 200-day moving average price is $20.61. The stock has a market capitalization of $67.96 million, a P/E ratio of 62.14 and a beta of 1.24. Global X E-Commerce ETF has a fifty-two week low of $16.29 and a fifty-two week high of $24.32.

Institutional Trading of Global X E-Commerce ETF

Several large investors have recently bought and sold shares of the company. Tidemark LLC bought a new stake in Global X E-Commerce ETF during the 4th quarter valued at approximately $31,000. Insight Advisors LLC PA boosted its position in Global X E-Commerce ETF by 4.3% during the 4th quarter. Insight Advisors LLC PA now owns 35,895 shares of the company’s stock valued at $761,000 after acquiring an additional 1,475 shares in the last quarter. Activest Wealth Management bought a new stake in Global X E-Commerce ETF during the 4th quarter valued at approximately $34,000. UBS Group AG boosted its position in Global X E-Commerce ETF by 0.8% during the 3rd quarter. UBS Group AG now owns 249,469 shares of the company’s stock valued at $4,513,000 after acquiring an additional 2,014 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Global X E-Commerce ETF by 12.3% during the 2nd quarter. Royal Bank of Canada now owns 20,050 shares of the company’s stock valued at $371,000 after acquiring an additional 2,202 shares in the last quarter.

Global X E-Commerce ETF Company Profile

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.