Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Grows By 1,084.6%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 30,800 shares, a growth of 1,084.6% from the December 15th total of 2,600 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Global X E-Commerce ETF

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can increased its position in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,346 shares of the company’s stock after buying an additional 30,278 shares during the quarter. Bank of Montreal Can owned about 1.67% of Global X E-Commerce ETF worth $1,069,000 at the end of the most recent reporting period.

Global X E-Commerce ETF Stock Performance

Shares of EBIZ traded up $0.34 during mid-day trading on Tuesday, hitting $27.55. 6,423 shares of the company were exchanged, compared to its average volume of 11,648. Global X E-Commerce ETF has a 1-year low of $19.77 and a 1-year high of $30.77. The company has a 50 day moving average of $28.27 and a 200-day moving average of $26.18. The stock has a market cap of $66.40 million, a price-to-earnings ratio of 33.69 and a beta of 1.24.

Global X E-Commerce ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a $0.0077 dividend. The ex-dividend date of this dividend was Monday, 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.