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

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

Hedge Funds Weigh In On Global X E-Commerce ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in 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 in the last quarter. Vivaldi Capital Management LP raised its stake in Global X E-Commerce ETF by 3.7% in the 4th quarter. Vivaldi Capital Management LP now owns 17,085 shares of the company’s stock valued at $555,000 after purchasing an additional 614 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Global X E-Commerce ETF by 9.7% in the 4th quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock valued at $767,000 after purchasing an additional 2,077 shares in the last quarter. UBS Group AG lifted its holdings in Global X E-Commerce ETF by 0.8% in the 3rd quarter. UBS Group AG now owns 268,101 shares of the company’s stock valued at $9,395,000 after purchasing an additional 2,124 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Global X E-Commerce ETF by 15.9% during the 2nd quarter. Raymond James Financial Inc. now owns 15,506 shares of the company’s stock worth $474,000 after purchasing an additional 2,130 shares during the last quarter.

Global X E-Commerce ETF Trading Down 0.5%

Shares of EBIZ stock traded down $0.16 during mid-day trading on Monday, reaching $30.40. The stock had a trading volume of 304 shares, compared to its average volume of 6,269. The company has a market cap of $28.58 million, a P/E ratio of 21.86 and a beta of 1.21. Global X E-Commerce ETF has a 12-month low of $25.85 and a 12-month high of $36.00. The business has a 50-day simple moving average of $28.90 and a 200 day simple moving average of $28.50.

Global X E-Commerce ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.0835 dividend. The ex-dividend date of this dividend was Monday, June 29th.

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.