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

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 600 shares, a drop of 62.5% from the October 15th total of 1,600 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.1 days.

Global X E-Commerce ETF Trading Up 0.4 %

EBIZ opened at $27.79 on Wednesday. Global X E-Commerce ETF has a 12 month low of $17.94 and a 12 month high of $28.31. The business’s 50-day moving average price is $26.29 and its 200-day moving average price is $24.80. The company has a market cap of $58.64 million, a P/E ratio of 33.69 and a beta of 1.24.

Hedge Funds Weigh In On Global X E-Commerce ETF

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

About Global X E-Commerce ETF

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.