Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 550.0% in December

Global X E-Commerce ETF (NASDAQ:EBIZ) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,600 shares, an increase of 550.0% from the November 30th total of 400 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 0.4 days.

Global X E-Commerce ETF Stock Performance

Shares of EBIZ stock traded up $0.06 on Thursday, reaching $28.58. The stock had a trading volume of 574,848 shares, compared to its average volume of 12,377. The stock has a market cap of $60.30 million, a P/E ratio of 33.69 and a beta of 1.24. Global X E-Commerce ETF has a 1 year low of $19.77 and a 1 year high of $30.77. The company has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $25.81.

Institutional Investors Weigh In On Global X E-Commerce ETF

A hedge fund recently bought a new stake in Global X E-Commerce ETF stock. CreativeOne Wealth LLC acquired a new position in Global X E-Commerce ETF (NASDAQ:EBIZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,999 shares of the company’s stock, valued at approximately $275,000. CreativeOne Wealth LLC owned 0.47% of Global X E-Commerce ETF as of its most recent SEC filing.

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.