Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Down 1.2% – Here’s What Happened

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

Global X E-Commerce ETF Stock Down 1.2%

The firm has a fifty day simple moving average of $27.97 and a 200-day simple moving average of $28.82. The company has a market cap of $26.71 million, a PE ratio of 21.86 and a beta of 1.21.

Global X E-Commerce ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EBIZ. Sei Investments Co. acquired a new stake in shares of Global X E-Commerce ETF in the second quarter valued at approximately $213,000. Northbridge Financial Group LLC purchased a new position in shares of Global X E-Commerce ETF during the fourth quarter worth approximately $251,000. Golden State Equity Partners acquired a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at $284,000. Bank of America Corp DE increased its holdings 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 during the period. Finally, Jane Street Group LLC purchased a new stake in Global X E-Commerce ETF in the 2nd quarter valued at $446,000.

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.

Further Reading

Receive News & Ratings for Global X E-Commerce ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X E-Commerce ETF and related companies with MarketBeat.com's FREE daily email newsletter.