Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 74.9% in July

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 14,578 shares, a growth of 74.9% from the July 15th total of 8,334 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 3,367 shares, the days-to-cover ratio is presently 4.3 days.

Institutional Trading of Global X E-Commerce ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EBIZ. Sei Investments Co. acquired a new position in Global X E-Commerce ETF during the second quarter worth about $213,000. Northbridge Financial Group LLC acquired a new stake in shares of Global X E-Commerce ETF during the 4th quarter valued at approximately $251,000. Golden State Equity Partners acquired a new stake in shares of Global X E-Commerce ETF during the 4th quarter valued at approximately $284,000. Bank of America Corp DE boosted its stake in shares of Global X E-Commerce ETF by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after acquiring an additional 323 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Global X E-Commerce ETF during the 2nd quarter worth approximately $446,000.

Global X E-Commerce ETF Stock Performance

Global X E-Commerce ETF stock traded down $0.16 during midday trading on Monday, reaching $30.40. The company’s stock had a trading volume of 304 shares, compared to its average volume of 6,269. Global X E-Commerce ETF has a fifty-two week low of $25.85 and a fifty-two week high of $36.00. The stock’s 50 day simple moving average is $28.90 and its 200 day simple moving average is $28.50. The firm has a market capitalization of $28.58 million, a PE ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.0835 dividend. The ex-dividend date was Monday, June 29th.

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.