Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Update

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 160.0% from the February 29th total of 500 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Global X E-Commerce ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBIZ. UBS Group AG boosted its holdings in shares of 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 worth $4,513,000 after buying an additional 2,014 shares during the period. Stelac Advisory Services LLC raised its position in shares of Global X E-Commerce ETF by 584.0% in the 3rd quarter. Stelac Advisory Services LLC now owns 42,344 shares of the company’s stock valued at $766,000 after buying an additional 36,153 shares in the last quarter. Insight Advisors LLC PA raised its position in shares of Global X E-Commerce ETF by 11.1% in the 3rd quarter. Insight Advisors LLC PA now owns 34,420 shares of the company’s stock valued at $623,000 after buying an additional 3,449 shares in the last quarter. HBW Advisory Services LLC increased its position in Global X E-Commerce ETF by 27.0% during the 3rd quarter. HBW Advisory Services LLC now owns 191,272 shares of the company’s stock worth $3,460,000 after purchasing an additional 40,709 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Global X E-Commerce ETF by 141.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,452,587 shares of the company’s stock worth $26,277,000 after purchasing an additional 850,000 shares in the last quarter.

Global X E-Commerce ETF Stock Down 0.3 %

Shares of NASDAQ:EBIZ traded down $0.06 during midday trading on Thursday, reaching $23.90. 13,888 shares of the company were exchanged, compared to its average volume of 6,126. Global X E-Commerce ETF has a fifty-two week low of $16.29 and a fifty-two week high of $24.32. The stock has a fifty day simple moving average of $22.12 and a two-hundred day simple moving average of $20.09. The firm has a market cap of $83.65 million, a PE ratio of 62.14 and a beta of 1.24.

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.