Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Up 0.8% – What’s Next?

Global X E-Commerce ETF (NASDAQ:EBIZ) was up 0.8% during mid-day trading on Tuesday . The stock traded as high as $27.63 and last traded at $27.38. Approximately 2,442 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 7,560 shares. The stock had previously closed at $27.15.

Global X E-Commerce ETF Stock Performance

The firm has a market capitalization of $28.20 million, a PE ratio of 21.86 and a beta of 1.22. The company’s 50 day simple moving average is $27.82 and its 200-day simple moving average is $29.83.

Institutional Trading of Global X E-Commerce ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Vivaldi Capital Management LP raised its position in shares of Global X E-Commerce ETF by 3.7% during the 4th 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 in the last quarter. Bank of America Corp DE raised its position in shares of Global X E-Commerce ETF by 49.4% during the 3rd quarter. Bank of America Corp DE now owns 18,036 shares of the company’s stock valued at $632,000 after buying an additional 5,960 shares in the last quarter. Sei Investments Co. raised its position in shares of Global X E-Commerce ETF by 59.5% during the 3rd quarter. Sei Investments Co. now owns 11,093 shares of the company’s stock valued at $389,000 after buying an additional 4,139 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Global X E-Commerce ETF by 20.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 18,641 shares of the company’s stock valued at $653,000 after buying an additional 3,213 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Global X E-Commerce ETF during the 2nd quarter valued at $446,000.

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.