Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Declines By 71.3%

by · The Cerbat Gem

Global X E-Commerce ETF (NASDAQ:EBIZ – Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 8,191 shares, a decrease of 71.3% from the March 31st total of 28,510 shares. Based on an average daily volume of 5,940 shares, the short-interest ratio is presently 1.4 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Trading of Global X E-Commerce ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBIZ. Founders Financial Alliance LLC acquired a new position in shares of Global X E-Commerce ETF in the third quarter worth about $78,000. Sei Investments Co. acquired a new stake in shares of Global X E-Commerce ETF during the 2nd quarter valued at about $213,000. Northbridge Financial Group LLC purchased a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at about $251,000. Golden State Equity Partners purchased a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at about $284,000. Finally, Bank of America Corp DE raised its holdings in Global X E-Commerce ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after purchasing an additional 323 shares during the period.

Global X E-Commerce ETF Stock Down 0.6%

Shares of NASDAQ EBIZ traded down $0.18 during midday trading on Monday, reaching $28.43. 2,371 shares of the stock were exchanged, compared to its average volume of 9,195. The firm has a market cap of $29.28 million, a price-to-earnings ratio of 21.86 and a beta of 1.27. The firm has a 50-day simple moving average of $27.80 and a two-hundred day simple moving average of $31.03. Global X E-Commerce ETF has a twelve month low of $25.85 and a twelve month high of $36.00.

Global X E-Commerce ETF Company Profile

(Get Free Report)

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.

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