Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Grows By 378.8%

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 15,800 shares, an increase of 378.8% from the January 15th total of 3,300 shares. Based on an average daily volume of 19,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. LPL Financial LLC raised its position in Global X E-Commerce ETF (NASDAQ:EBIZ) by 26.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,537 shares of the company’s stock after acquiring an additional 3,239 shares during the period. LPL Financial LLC owned approximately 0.64% of Global X E-Commerce ETF worth $431,000 at the end of the most recent reporting period.

Global X E-Commerce ETF Stock Up 0.6 %

NASDAQ:EBIZ traded up $0.18 during trading hours on Wednesday, reaching $31.14. 6,068 shares of the company’s stock were exchanged, compared to its average volume of 18,508. The firm has a market capitalization of $75.97 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. The company has a 50-day moving average of $28.98 and a 200 day moving average of $26.99. Global X E-Commerce ETF has a 1-year low of $21.01 and a 1-year high of $31.22.

Global X E-Commerce ETF Announces Dividend

The company 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 of this dividend 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.