Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Update

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,600 shares, a growth of 433.3% from the September 30th total of 300 shares. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can grew its stake in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,346 shares of the company’s stock after purchasing an additional 30,278 shares during the quarter. Bank of Montreal Can owned about 1.67% of Global X E-Commerce ETF worth $1,069,000 at the end of the most recent quarter.

Global X E-Commerce ETF Price Performance

EBIZ stock traded down $0.10 during trading hours on Friday, reaching $26.20. 2,132 shares of the stock were exchanged, compared to its average volume of 11,099. The firm’s 50-day moving average is $25.70 and its 200-day moving average is $24.42. Global X E-Commerce ETF has a 12 month low of $16.53 and a 12 month high of $28.31. The company has a market cap of $55.28 million, a price-to-earnings ratio of 33.69 and a beta of 1.24.

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.