Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Increases By 433.3%

by · The Cerbat Gem

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

Institutional Trading of Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can grew its position in Global X E-Commerce ETF (NASDAQ:EBIZ – Free Report) by 231.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,346 shares of the company’s stock after buying an additional 30,278 shares during the period. Bank of Montreal Can owned 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 Stock Performance

Shares of NASDAQ EBIZ traded down $0.05 during mid-day trading on Friday, reaching $26.25. 2,257 shares of the company traded hands, compared to its average volume of 11,099. The stock has a market cap of $55.39 million, a PE ratio of 33.69 and a beta of 1.24. The company’s fifty day moving average is $25.74 and its two-hundred day moving average is $24.44. Global X E-Commerce ETF has a fifty-two week low of $16.53 and a fifty-two week high of $28.31.

Global X E-Commerce ETF Company Profile

(Get Free Report)

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.

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