Global X E-Commerce ETF (NASDAQ:EBIZ) Shares Down 1.9%

Global X E-Commerce ETF (NASDAQ:EBIZ)’s share price dropped 1.9% during mid-day trading on Wednesday . The company traded as low as $23.81 and last traded at $24.06. Approximately 4,663 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 9,095 shares. The stock had previously closed at $24.52.

Global X E-Commerce ETF Trading Down 1.9 %

The company has a market cap of $73.62 million, a PE ratio of 33.69 and a beta of 1.54. The firm’s fifty day moving average is $23.34 and its 200 day moving average is $21.20.

Institutional Investors Weigh In On Global X E-Commerce ETF

A number of large investors have recently modified their holdings of the business. Tidemark LLC acquired a new stake in Global X E-Commerce ETF in the 4th quarter valued at about $31,000. Activest Wealth Management acquired a new stake in shares of Global X E-Commerce ETF in the fourth quarter valued at $34,000. Insight Advisors LLC PA boosted its holdings in Global X E-Commerce ETF by 11.1% during the 3rd quarter. Insight Advisors LLC PA now owns 34,420 shares of the company’s stock valued at $623,000 after acquiring an additional 3,449 shares during the period. Stelac Advisory Services LLC grew its position in Global X E-Commerce ETF by 584.0% in the 3rd quarter. Stelac Advisory Services LLC now owns 42,344 shares of the company’s stock valued at $766,000 after acquiring an additional 36,153 shares in the last quarter. Finally, UBS Group AG increased its stake in Global X E-Commerce ETF by 0.8% during the third quarter. UBS Group AG now owns 249,469 shares of the company’s stock worth $4,513,000 after purchasing an additional 2,014 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.