Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Declines By 15.5%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 7,910 shares, a decline of 15.5% from the December 31st total of 9,366 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 8,977 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 8,977 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Global X E-Commerce ETF Stock Down 2.4%

Shares of EBIZ opened at $31.77 on Monday. Global X E-Commerce ETF has a twelve month low of $23.51 and a twelve month high of $36.00. The stock has a market capitalization of $44.79 million, a P/E ratio of 21.86 and a beta of 1.26. The company has a 50 day moving average of $32.95 and a 200-day moving average of $33.35.

Global X E-Commerce ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.0686 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 42.0%.

Hedge Funds Weigh In On Global X E-Commerce ETF

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE increased 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 purchasing an additional 323 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Global X E-Commerce ETF in the 2nd quarter valued at about $31,000. UBS Group AG grew its holdings in Global X E-Commerce ETF by 0.8% during the third quarter. UBS Group AG now owns 268,101 shares of the company’s stock worth $9,395,000 after purchasing an additional 2,124 shares during the period. Raymond James Financial Inc. increased its position in Global X E-Commerce ETF by 15.9% during the second quarter. Raymond James Financial Inc. now owns 15,506 shares of the company’s stock worth $474,000 after buying an additional 2,130 shares during the last quarter. Finally, Founders Financial Alliance LLC acquired a new position in Global X E-Commerce ETF during the third quarter worth approximately $78,000.

Global X E-Commerce ETF Company Profile

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.