Short Interest in Global X E-Commerce ETF (NASDAQ:EBIZ) Decreases By 62.5%

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

Global X E-Commerce ETF Price Performance

Global X E-Commerce ETF stock traded down $0.39 during mid-day trading on Thursday, hitting $27.20. 4,446 shares of the company’s stock traded hands, compared to its average volume of 10,634. Global X E-Commerce ETF has a fifty-two week low of $18.64 and a fifty-two week high of $28.31. The stock has a market cap of $57.39 million, a price-to-earnings ratio of 33.69 and a beta of 1.24. The firm has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $24.85.

Hedge Funds Weigh In On Global X E-Commerce ETF

An institutional investor recently raised its position in Global X E-Commerce ETF stock. Bank of Montreal Can boosted its holdings in Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,346 shares of the company’s stock after purchasing an additional 30,278 shares during the quarter. 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.

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.