Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Cross Above 200-Day Moving Average – What’s Next?

Global X E-Commerce ETF (NASDAQ:EBIZ)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.83 and traded as high as $29.73. Global X E-Commerce ETF shares last traded at $29.4310, with a volume of 2,480 shares traded.

Global X E-Commerce ETF Stock Performance

The company has a market cap of $27.30 million, a price-to-earnings ratio of 21.86 and a beta of 1.21. The stock’s fifty day simple moving average is $28.82 and its two-hundred day simple moving average is $28.79.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vivaldi Capital Management LP grew its position in Global X E-Commerce ETF by 8.6% during the first quarter. Vivaldi Capital Management LP now owns 18,546 shares of the company’s stock valued at $496,000 after acquiring an additional 1,461 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Global X E-Commerce ETF by 22.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 34,472 shares of the company’s stock worth $952,000 after purchasing an additional 6,228 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Global X E-Commerce ETF by 40.9% in the 1st 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.

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.