Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Down 1.9% – Here’s What Happened

Shares of Global X E-Commerce ETF (NASDAQ:EBIZ) dropped 1.9% during trading on Tuesday . The stock traded as low as $26.28 and last traded at $26.41. Approximately 3,290 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 10,914 shares. The stock had previously closed at $26.93.

Global X E-Commerce ETF Price Performance

The company’s 50 day simple moving average is $29.67 and its 200 day simple moving average is $32.25. The firm has a market cap of $40.67 million, a price-to-earnings ratio of 21.86 and a beta of 1.26.

Global X E-Commerce ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.0686 per share. This represents a yield of 42.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Global X E-Commerce ETF

A number of hedge funds have recently bought and sold shares of EBIZ. UBS Group AG boosted its stake 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global X E-Commerce ETF by 61.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after buying an additional 24,979 shares during the period. Susquehanna International Group LLP raised its holdings in Global X E-Commerce ETF by 111.4% in the third quarter. Susquehanna International Group LLP now owns 53,606 shares of the company’s stock valued at $1,879,000 after acquiring an additional 28,245 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Global X E-Commerce ETF in the third quarter valued at approximately $1,539,000. Finally, Cetera Investment Advisers lifted its stake in Global X E-Commerce ETF by 9.7% in the fourth quarter. Cetera Investment Advisers now owns 23,595 shares of the company’s stock worth $767,000 after acquiring an additional 2,077 shares during the last quarter.

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.