Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Down 2.6% – Should You Sell?

Global X E-Commerce ETF (NASDAQ:EBIZ) traded down 2.6% on Tuesday . The company traded as low as $28.70 and last traded at $28.70. Approximately 6,563 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 6,031 shares. The stock had previously closed at $29.48.

Global X E-Commerce ETF Price Performance

The stock has a market cap of $26.35 million, a P/E ratio of 21.86 and a beta of 1.21. The business’s 50 day simple moving average is $29.79 and its 200 day simple moving average is $28.44.

Global X E-Commerce ETF Dividend Announcement

The business also recently announced a semiannual dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.0835 per share. This represents a dividend yield of 60.0%. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X E-Commerce ETF

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. acquired a new position in Global X E-Commerce ETF during the second quarter worth $213,000. Northbridge Financial Group LLC acquired a new stake in shares of Global X E-Commerce ETF in the 4th quarter valued at $251,000. Bank of America Corp DE grew 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 worth $370,000 after purchasing an additional 323 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X E-Commerce ETF in the 2nd quarter worth about $446,000. Finally, Raymond James Financial Inc. increased its position 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.

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.