Global X U.S. Electrification ETF (NASDAQ:ZAP) Sees Large Growth in Short Interest

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 164,786 shares, an increase of 95.9% from the February 12th total of 84,123 shares. Based on an average daily volume of 81,582 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.7% of the shares of the company are short sold. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 81,582 shares, the days-to-cover ratio is currently 2.0 days.

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

Several hedge funds have recently modified their holdings of ZAP. Oppenheimer & Co. Inc. grew its holdings in Global X U.S. Electrification ETF by 3.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock worth $637,000 after acquiring an additional 721 shares during the period. Glass Jacobson Investment Advisors llc lifted its holdings in Global X U.S. Electrification ETF by 277.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,034 shares of the company’s stock valued at $31,000 after acquiring an additional 760 shares during the last quarter. Inspire Advisors LLC lifted its holdings in Global X U.S. Electrification ETF by 1.0% in the 4th quarter. Inspire Advisors LLC now owns 96,664 shares of the company’s stock valued at $2,809,000 after acquiring an additional 910 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Global X U.S. Electrification ETF during the 2nd quarter valued at about $34,000. Finally, IFP Advisors Inc boosted its position in shares of Global X U.S. Electrification ETF by 21.7% during the 3rd quarter. IFP Advisors Inc now owns 8,718 shares of the company’s stock valued at $257,000 after purchasing an additional 1,554 shares in the last quarter.

Global X U.S. Electrification ETF Stock Down 0.3%

Shares of ZAP opened at $32.44 on Thursday. The firm has a 50-day moving average price of $31.36 and a 200 day moving average price of $30.18. The firm has a market capitalization of $313.69 million, a PE ratio of -324.40 and a beta of 1.40. Global X U.S. Electrification ETF has a 52-week low of $22.16 and a 52-week high of $33.47.

Global X U.S. Electrification ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a $0.1484 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 30th. Global X U.S. Electrification ETF’s payout ratio is currently -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.