Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 28.0% in January

Global X E-Commerce ETF (NASDAQ:EBIZ) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 10,123 shares, a growth of 28.0% from the January 15th total of 7,910 shares. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 21,781 shares, the short-interest ratio is currently 0.5 days.

Global X E-Commerce ETF Trading Up 0.1%

Shares of EBIZ traded up $0.02 during midday trading on Monday, reaching $28.69. 3,611 shares of the stock were exchanged, compared to its average volume of 14,734. The company has a market capitalization of $44.18 million, a P/E ratio of 21.86 and a beta of 1.26. Global X E-Commerce ETF has a 52 week low of $23.51 and a 52 week high of $36.00. The company’s 50 day moving average is $32.49 and its two-hundred day moving average is $33.23.

Global X E-Commerce ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a $0.0686 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 42.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vivaldi Capital Management LP raised its stake in Global X E-Commerce ETF by 3.7% in the fourth quarter. Vivaldi Capital Management LP now owns 17,085 shares of the company’s stock valued at $555,000 after buying an additional 614 shares during the last quarter. Northbridge Financial Group LLC acquired a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at $251,000. Golden State Equity Partners acquired a new stake in Global X E-Commerce ETF during the 4th quarter worth about $284,000. Susquehanna International Group LLP grew its stake in Global X E-Commerce ETF by 111.4% during the 3rd quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock valued at $1,879,000 after purchasing an additional 28,245 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Global X E-Commerce ETF in the third quarter valued at about $1,539,000.

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.