Global X E-Commerce ETF (NASDAQ:EBIZ) Trading 0.6% Higher – What’s Next?

Shares of Global X E-Commerce ETF (NASDAQ:EBIZ) traded up 0.6% during trading on Thursday . The stock traded as high as $28.39 and last traded at $28.35. 1,233 shares traded hands during trading, a decline of 82% from the average daily volume of 6,938 shares. The stock had previously closed at $28.19.

Global X E-Commerce ETF Stock Performance

The firm’s 50 day moving average price is $27.75 and its two-hundred day moving average price is $29.24. The company has a market cap of $26.65 million, a P/E ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be issued a $0.0835 dividend. The ex-dividend date is Monday, June 29th.

Hedge Funds Weigh In On Global X E-Commerce ETF

Several institutional investors have recently made changes to their positions in EBIZ. Flow Traders U.S. LLC bought a new position in Global X E-Commerce ETF in the third quarter worth approximately $1,539,000. Susquehanna International Group LLP increased its holdings in shares of Global X E-Commerce ETF by 111.4% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $2,014,000 after acquiring an additional 24,979 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Global X E-Commerce ETF during the second quarter worth approximately $446,000. Finally, Cetera Investment Advisers raised its position in shares of Global X E-Commerce ETF by 40.9% during the first quarter. Cetera Investment Advisers now owns 33,238 shares of the company’s stock worth $890,000 after purchasing an additional 9,643 shares during the period.

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.