Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Down 92.4% in February

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 5,300 shares, a decrease of 92.4% from the February 13th total of 70,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 21,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EBIZ. Vivaldi Capital Management LP lifted its holdings in Global X E-Commerce ETF by 9.2% in 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 last quarter. Envestnet Asset Management Inc. raised its stake in 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 valued at $457,000 after acquiring an additional 2,248 shares in the last quarter. LPL Financial LLC boosted its position in 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 acquiring an additional 3,239 shares during the period. Cetera Investment Advisers grew its stake in shares of Global X E-Commerce ETF by 31.4% in the fourth quarter. Cetera Investment Advisers now owns 24,779 shares of the company’s stock worth $687,000 after purchasing an additional 5,920 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Global X E-Commerce ETF during the third quarter valued at $275,000.

Global X E-Commerce ETF Stock Performance

Shares of EBIZ stock traded up $0.11 during mid-day trading on Wednesday, reaching $28.24. 5,210 shares of the company were exchanged, compared to its average volume of 13,845. The business’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $27.91. The company has a market capitalization of $68.89 million, a P/E ratio of 22.56 and a beta of 1.24. Global X E-Commerce ETF has a fifty-two week low of $21.33 and a fifty-two week high of $32.37.

Global X E-Commerce ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a $0.0077 dividend. The ex-dividend date was Monday, December 30th.

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.