Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 362.5% in July

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 3,700 shares, a growth of 362.5% from the June 30th total of 800 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Activest Wealth Management bought a new position in shares of Global X E-Commerce ETF in the 4th quarter worth about $34,000. Insight Advisors LLC PA increased its stake in Global X E-Commerce ETF by 4.3% during the 4th quarter. Insight Advisors LLC PA now owns 35,895 shares of the company’s stock valued at $761,000 after purchasing an additional 1,475 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Global X E-Commerce ETF by 13.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,652,587 shares of the company’s stock valued at $35,018,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Tidemark LLC bought a new stake in Global X E-Commerce ETF during the 4th quarter valued at about $31,000.

Global X E-Commerce ETF Trading Up 1.4 %

NASDAQ EBIZ traded up $0.34 during trading on Friday, hitting $23.93. The company had a trading volume of 2,128 shares, compared to its average volume of 9,805. Global X E-Commerce ETF has a one year low of $16.53 and a one year high of $25.33. The company has a market cap of $62.46 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. The company’s fifty day moving average is $24.02 and its 200-day moving average is $23.03.

Global X E-Commerce ETF Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were issued a $0.0569 dividend. The ex-dividend date was Thursday, June 27th.

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.