Global X E-Commerce ETF (NASDAQ:EBIZ) Stock Price Up 0.5%

Global X E-Commerce ETF (NASDAQ:EBIZ) shares traded up 0.5% during trading on Tuesday . The company traded as high as $27.64 and last traded at $27.60. 10,400 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 11,641 shares. The stock had previously closed at $27.46.

Global X E-Commerce ETF Stock Performance

The business’s 50-day moving average price is $24.31 and its 200 day moving average price is $23.98. The company has a market cap of $58.24 million, a P/E ratio of 33.69 and a beta of 1.24.

Institutional Trading of Global X E-Commerce ETF

A hedge fund recently raised its stake in Global X E-Commerce ETF stock. Bank of Montreal Can lifted its stake in shares of Global X E-Commerce ETF (NASDAQ:EBIZ) by 231.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 43,346 shares of the company’s stock after buying an additional 30,278 shares during the quarter. Bank of Montreal Can owned about 1.67% of Global X E-Commerce ETF worth $1,069,000 as of its most recent SEC filing.

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.