Global X E-Commerce ETF (NASDAQ:EBIZ) Trading Down 0.8% – Here’s Why

Global X E-Commerce ETF (NASDAQ:EBIZ) dropped 0.8% during trading on Thursday . The company traded as low as $30.23 and last traded at $30.42. 7,492 shares were traded during trading, an increase of 18% from the average session volume of 6,327 shares. The stock had previously closed at $30.68.

Global X E-Commerce ETF Trading Down 0.8%

The company has a fifty day moving average price of $28.84 and a two-hundred day moving average price of $28.52. The firm has a market cap of $28.59 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 announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a dividend of $0.0835 per share. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new stake in shares of Global X E-Commerce ETF during the third quarter worth $1,539,000. Susquehanna International Group LLP raised 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 worth $1,879,000 after acquiring an additional 28,245 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Global X E-Commerce ETF by 61.2% in the 2nd 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 bought a new stake in Global X E-Commerce ETF in the 2nd quarter valued at $446,000. Finally, Cetera Investment Advisers boosted its stake in 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.