Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Grows By 378.8%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 15,800 shares, an increase of 378.8% from the January 15th total of 3,300 shares. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is presently 0.8 days.

Global X E-Commerce ETF Stock Up 0.6 %

Global X E-Commerce ETF stock traded up $0.18 during mid-day trading on Wednesday, reaching $31.14. 6,068 shares of the company’s stock were exchanged, compared to its average volume of 18,508. The company has a market cap of $75.97 million, a P/E ratio of 33.69 and a beta of 1.24. Global X E-Commerce ETF has a twelve month low of $21.01 and a twelve month high of $31.22. The company has a fifty day moving average of $28.98 and a 200-day moving average of $26.99.

Global X E-Commerce ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a dividend of $0.0077 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Investors Weigh In On Global X E-Commerce ETF

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. LPL Financial LLC raised its position in Global X E-Commerce ETF (NASDAQ:EBIZ) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,537 shares of the company’s stock after purchasing an additional 3,239 shares during the period. LPL Financial LLC owned 0.64% of Global X E-Commerce ETF worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

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.