Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Up 0.5% – What’s Next?

Global X E-Commerce ETF (NASDAQ:EBIZ)’s stock price rose 0.5% on Tuesday . The stock traded as high as $28.53 and last traded at $28.52. Approximately 3,587 shares changed hands during trading, a decline of 65% from the average daily volume of 10,110 shares. The stock had previously closed at $28.38.

Global X E-Commerce ETF Price Performance

The company has a fifty day moving average price of $27.89 and a two-hundred day moving average price of $25.75. The company has a market capitalization of $60.18 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 increased its stake in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,346 shares of the company’s stock after acquiring 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 reporting period.

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.