Global X E-Commerce ETF (NASDAQ:EBIZ) Sees Significant Drop in Short Interest

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,500 shares, a decline of 52.8% from the February 28th total of 5,300 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Global X E-Commerce ETF Trading Down 2.2 %

Shares of Global X E-Commerce ETF stock traded down $0.63 on Friday, reaching $28.44. 3,132 shares of the stock were exchanged, compared to its average volume of 14,362. The firm has a market capitalization of $69.39 million, a PE ratio of 22.62 and a beta of 1.24. Global X E-Commerce ETF has a 1-year low of $21.33 and a 1-year high of $32.37. The business has a fifty day moving average price of $29.76 and a two-hundred day moving average price of $28.28.

Hedge Funds Weigh In On Global X E-Commerce ETF

Large investors have recently modified their holdings of the business. Vivaldi Capital Management LP grew its holdings in Global X E-Commerce ETF by 9.2% during the fourth quarter. Vivaldi Capital Management LP now owns 11,184 shares of the company’s stock worth $329,000 after acquiring an additional 943 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Global X E-Commerce ETF by 15.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,459 shares of the company’s stock worth $457,000 after purchasing an additional 2,248 shares in the last quarter. LPL Financial LLC grew its stake in shares of Global X E-Commerce ETF by 26.3% during the 4th quarter. LPL Financial LLC now owns 15,537 shares of the company’s stock worth $431,000 after purchasing an additional 3,239 shares during the period. Cetera Investment Advisers increased its holdings in shares of Global X E-Commerce ETF by 31.4% in the 4th quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock valued at $687,000 after purchasing an additional 5,920 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Global X E-Commerce ETF during the third quarter worth about $275,000.

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.