Global X E-commerce ETF Price & Performance (EBIZ)

The Global X E-commerce ETF (EBIZ) has been downgraded to a sell candidate following a series of negative signals. The ETF's price recently fell to $28.62, marking a 1.82% decline over ten days. Analysts predict a short-term rise but highlight risks of a potential trend shift if support levels break.1

The Global X China Electric Vehicle and Battery ETF has seen strong performance, fueled by robust EV sales and product innovation. February NEV sales grew 26% year-on-year, with brands like BYD and Xpeng leading. Battery material costs remain low, supporting further cost optimization for manufacturers.2

The Global X Dax Germany ETF experienced a 20.8% increase in short interest as of February 28, reaching 72,600 shares. This rise in bearish sentiment suggests growing investor pessimism. Currently, 3.61% of the ETF's floating shares are sold short, reflecting concerns over its future performance.3