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

Global X E-Commerce ETF (NASDAQ:EBIZ) rose 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 were traded during 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 Up 0.8%

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

Hedge Funds Weigh In On Global X E-Commerce ETF

Several hedge funds and other institutional investors have recently modified their holdings of EBIZ. Flow Traders U.S. LLC purchased a new position in shares of Global X E-Commerce ETF during the third quarter valued at about $1,539,000. Susquehanna International Group LLP increased its position 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 buying an additional 28,245 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 buying an additional 24,979 shares during the period. Jane Street Group LLC purchased a new position in shares of Global X E-Commerce ETF during the second quarter valued at about $446,000. Finally, Cetera Investment Advisers increased 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 valued at $890,000 after buying an additional 9,643 shares during the period.

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.