Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Down 1.2% – Should You Sell?

Global X E-Commerce ETF (NASDAQ:EBIZ)’s stock price traded down 1.2% on Thursday . The stock traded as low as $28.21 and last traded at $28.41. Approximately 10,276 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 6,592 shares. The stock had previously closed at $28.75.

Global X E-Commerce ETF Trading Down 1.2%

The company has a market cap of $26.71 million, a price-to-earnings ratio of 21.86 and a beta of 1.21. The firm’s fifty day simple moving average is $27.97 and its 200 day simple moving average is $28.82.

Global X E-Commerce ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.0835 per share. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On Global X E-Commerce ETF

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Global X E-Commerce ETF by 2.7% in the second quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock valued at $370,000 after purchasing an additional 323 shares during the last quarter. Vivaldi Capital Management LP lifted 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 worth $555,000 after buying an additional 614 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Global X E-Commerce ETF by 9.7% during the 4th quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock worth $767,000 after buying an additional 2,077 shares during the last quarter. UBS Group AG boosted its holdings in shares of Global X E-Commerce ETF by 0.8% in the 3rd quarter. UBS Group AG now owns 268,101 shares of the company’s stock valued at $9,395,000 after buying an additional 2,124 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Global X E-Commerce ETF by 15.9% in the 2nd quarter. Raymond James Financial Inc. now owns 15,506 shares of the company’s stock valued at $474,000 after buying an additional 2,130 shares during the last quarter.

Global X E-Commerce ETF Company Profile

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.