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

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

Global X E-Commerce ETF Stock Performance

EBIZ traded down $0.24 on Friday, hitting $28.28. 416 shares of the company were exchanged, compared to its average volume of 12,329. The business’s fifty day moving average is $27.98 and its 200 day moving average is $25.83. Global X E-Commerce ETF has a fifty-two week low of $19.77 and a fifty-two week high of $30.77. The firm has a market capitalization of $59.67 million, a P/E ratio of 33.69 and a beta of 1.24.

Institutional Trading of Global X E-Commerce ETF

A hedge fund recently bought a new stake in Global X E-Commerce ETF stock. CreativeOne Wealth LLC bought a new stake in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,999 shares of the company’s stock, valued at approximately $275,000. CreativeOne Wealth LLC owned about 0.47% of Global X E-Commerce ETF as of its most recent filing with the SEC.

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.