Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Decreases By 49.1%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 30,800 shares, a drop of 49.1% from the September 15th total of 60,500 shares. Based on an average daily volume of 111,800 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 111,800 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Global X U.S. Electrification ETF

Several hedge funds have recently bought and sold shares of ZAP. Inspire Advisors LLC acquired a new stake in Global X U.S. Electrification ETF during the 1st quarter valued at $2,578,000. IFP Advisors Inc acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter valued at $193,000. Jane Street Group LLC grew its holdings in Global X U.S. Electrification ETF by 247.4% during the 1st quarter. Jane Street Group LLC now owns 29,994 shares of the company’s stock valued at $739,000 after buying an additional 21,360 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter valued at $205,000. Finally, Osaic Holdings Inc. acquired a new stake in Global X U.S. Electrification ETF during the 2nd quarter valued at $140,000.

Global X U.S. Electrification ETF Price Performance

NASDAQ ZAP opened at $30.74 on Monday. Global X U.S. Electrification ETF has a 1-year low of $22.16 and a 1-year high of $31.52. The company has a market capitalization of $225.32 million and a P/E ratio of -307.40. The business has a 50 day moving average price of $28.83 and a 200 day moving average price of $26.99.

Global X U.S. Electrification ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 3rd were paid a $0.0981 dividend. This represents a $0.39 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 3rd. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is presently -370.00%.

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.