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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 15,320 shares, a decrease of 70.2% from the January 15th total of 51,450 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 150,498 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 150,498 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Global X U.S. Electrification ETF

A number of large investors have recently bought and sold shares of the company. Midwest Financial Partners Investments Inc. bought a new position in Global X U.S. Electrification ETF in the fourth quarter valued at about $1,525,000. Bensler LLC lifted its stake in Global X U.S. Electrification ETF by 2.0% in the 4th quarter. Bensler LLC now owns 991,322 shares of the company’s stock valued at $28,808,000 after purchasing an additional 19,456 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Global X U.S. Electrification ETF in the fourth quarter valued at approximately $296,000. Oppenheimer & Co. Inc. boosted its position in Global X U.S. Electrification ETF by 3.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock valued at $637,000 after buying an additional 721 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X U.S. Electrification ETF by 113.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock worth $5,521,000 after buying an additional 101,000 shares during the last quarter.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ ZAP opened at $31.49 on Wednesday. The business has a fifty day moving average price of $29.93 and a two-hundred day moving average price of $29.52. The stock has a market capitalization of $304.51 million, a PE ratio of -314.90 and a beta of 1.40. Global X U.S. Electrification ETF has a fifty-two week low of $22.16 and a fifty-two week high of $31.69.

Global X U.S. Electrification ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a $0.1484 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 1.9%. This is a boost from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 30th. Global X U.S. Electrification ETF’s payout ratio is presently -520.00%.

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. ZAP was launched on Dec 17, 2024 and is issued by Global X.