Global X E-Commerce ETF (NASDAQ:EBIZ) Trading 0.6% Higher – Should You Buy?

Global X E-Commerce ETF (NASDAQ:EBIZGet Free Report) shares traded up 0.6% on Monday . The company traded as high as $27.22 and last traded at $27.22. 1,740 shares were traded during trading, a decline of 79% from the average session volume of 8,199 shares. The stock had previously closed at $27.05.

Global X E-Commerce ETF Stock Performance

The stock has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $30.34. The company has a market capitalization of $28.56 million, a PE ratio of 21.86 and a beta of 1.24.

Institutional Investors Weigh In On Global X E-Commerce ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EBIZ. Sei Investments Co. purchased a new stake in shares of Global X E-Commerce ETF during the 2nd quarter worth about $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X E-Commerce ETF by 61.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,809 shares of the company’s stock worth $2,014,000 after purchasing an additional 24,979 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Global X E-Commerce ETF by 15.9% during the 2nd quarter. Raymond James Financial Inc. now owns 15,506 shares of the company’s stock worth $474,000 after purchasing an additional 2,130 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Global X E-Commerce ETF in the 2nd quarter valued at approximately $446,000. Finally, Bank of America Corp DE raised its stake in shares of Global X E-Commerce ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock valued at $370,000 after acquiring an additional 323 shares in the last quarter.

Global X E-Commerce ETF Company Profile

(Get Free Report)

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.

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