Global X E-Commerce ETF (NASDAQ:EBIZ) Stock Price Down 0.8% – What’s Next?

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

Global X E-Commerce ETF Stock Down 0.4%

The stock has a market capitalization of $28.76 million, a price-to-earnings ratio of 21.86 and a beta of 1.21. The business’s 50 day simple moving average is $28.90 and its 200-day simple moving average is $28.53.

Global X E-Commerce ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.0835 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in Global X E-Commerce ETF during the second quarter valued at approximately $213,000. Northbridge Financial Group LLC bought a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at $251,000. Golden State Equity Partners bought a new position in shares of Global X E-Commerce ETF in the 4th quarter valued at $284,000. Bank of America Corp DE raised its holdings in shares of Global X E-Commerce ETF by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock worth $370,000 after buying an additional 323 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Global X E-Commerce ETF during the 2nd quarter worth $446,000.

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.