Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 433.3% in October

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,600 shares, a growth of 433.3% from the September 30th total of 300 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is currently 0.1 days.

Global X E-Commerce ETF Stock Performance

Shares of NASDAQ:EBIZ traded down $0.05 during midday trading on Friday, reaching $26.25. The company had a trading volume of 2,257 shares, compared to its average volume of 11,099. Global X E-Commerce ETF has a 1-year low of $16.53 and a 1-year high of $28.31. The company has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $24.44. The firm has a market cap of $55.39 million, a price-to-earnings ratio of 33.69 and a beta of 1.24.

Hedge Funds Weigh In On Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can lifted its holdings in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,346 shares of the company’s stock after buying an additional 30,278 shares during the period. Bank of Montreal Can owned about 1.67% of Global X E-Commerce ETF worth $1,069,000 as of its most recent SEC filing.

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.