Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Update

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 60,500 shares, an increase of 73.9% from the August 31st total of 34,800 shares. Based on an average daily volume of 100,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 100,700 shares, the days-to-cover ratio is currently 0.6 days.

Global X U.S. Electrification ETF Stock Up 0.8%

Shares of NASDAQ ZAP opened at $30.12 on Tuesday. The stock has a market cap of $204.51 million and a PE ratio of -301.20. Global X U.S. Electrification ETF has a 52-week low of $22.16 and a 52-week high of $30.23. The business has a 50-day moving average price of $28.43 and a 200 day moving average price of $26.61.

Global X U.S. Electrification ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.0981 per share. This represents a $0.39 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 3rd. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is presently -370.00%.

Institutional Trading of Global X U.S. Electrification ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $34,000. Osaic Holdings Inc. acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $140,000. Blair William & Co. IL acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $153,000. IFP Advisors Inc acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $193,000. Finally, Raymond James Financial Inc. acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $205,000.

Global X U.S. Electrification ETF Company Profile

The Global X U.S. Electrification ETF (ZAP) is an exchange-traded fund that is based on the Global X US Electrification index. The fund tracks market-cap selected and weighted index of US listed companies in developed markets involved in the industry of electrification. This includes companies involved in conventional and alternative electricity, and smart grid technologies.