Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Decreases By 62.5%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 600 shares, a decrease of 62.5% from the October 15th total of 1,600 shares. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 0.1 days.

Global X E-Commerce ETF Stock Performance

NASDAQ:EBIZ opened at $27.20 on Friday. The stock has a market capitalization of $57.39 million, a P/E ratio of 33.69 and a beta of 1.24. The company has a 50 day moving average price of $26.44 and a 200 day moving average price of $24.85. Global X E-Commerce ETF has a fifty-two week low of $18.64 and a fifty-two week high of $28.31.

Hedge Funds 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 stake in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,346 shares of the company’s stock after purchasing an additional 30,278 shares during the period. Bank of Montreal Can owned approximately 1.67% of Global X E-Commerce ETF worth $1,069,000 at the end of the most recent reporting period.

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.