Global X E-Commerce ETF (NASDAQ:EBIZ) Short Interest Up 750.0% in May

The Global X E-Commerce ETF ( NASDAQ:EBIZ – Get Free Report ) was the recipient of a large rally in short interest in May. As of May 15, short interest was 5,100 shares, an increase of 750.0% from 600 shares as of April 30. With an average trading volume of 10,100 shares, the days to cover ratio is currently 0.5 days.

Hedge funds weigh on the Global X E-Commerce ETF

Institutional investors and hedge funds have been buying and selling shares of the company recently. Tidemark LLC acquired a new position in the Global X E-Commerce ETF during the fourth quarter worth approximately $31,000. Activest Wealth Management acquired a new position in shares of Global X E-Commerce ETF during the fourth quarter worth approximately $34,000. Insight Advisors LLC PA increased its holdings in shares of Global X E-Commerce ETF by 11.1% in the third quarter. Insight Advisors LLC PA now owns 34,420 shares of the company’s stock valued at $623,000 after purchasing an additional 3,449 shares in the last quarter. Stelac Advisory Services LLC increased its holdings in shares of Global X E-Commerce ETF by 584.0% during the third quarter. Stelac Advisory Services LLC now owns 42,344 shares of the company’s stock valued at $766,000 after purchasing an additional 36,153 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of the Global X E-Commerce ETF by 0.8% in the third quarter. UBS Group AG now owns 249,469 shares of the company’s stock valued at $4,513,000 after purchasing an additional 2,014 shares in the last quarter.

Shares of the Global X E-Commerce ETF fell 1.5%

On Wednesday, NASDAQ EBIZ opened at $23.68. The market value of the stock is $72.46 million, the PE ratio is 33.69 and the beta is 1.24. The Global X E-Commerce ETF has a fifty-two week low of $16.29 and a fifty-two week high of $25.09. The company has a 50-day moving average price of $23.68 and a two-hundred-day moving average price of $21.93.

About the Global X E-Commerce ETF

(Get the free report)

Global EBIZ was launched on November 27, 2018 and is managed by Global X.

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