Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 33.3% in November

Global X E-Commerce ETF (NASDAQ:EBIZ) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 800 shares, an increase of 33.3% from the October 31st total of 600 shares. Based on an average trading volume of 10,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Global X E-Commerce ETF

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can grew its position in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the second quarter, according to the company in its most recent Form 13F 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 period. Bank of Montreal Can owned approximately 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 Price Performance

Shares of NASDAQ:EBIZ opened at $28.94 on Monday. The firm’s 50 day simple moving average is $27.33 and its two-hundred day simple moving average is $25.18. The company has a market capitalization of $61.06 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 $19.71 and a 1-year high of $28.95.

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.