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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 77,627 shares, an increase of 54.9% from the March 15th total of 50,125 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 134,373 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZAP. Bensler LLC acquired a new position in Global X U.S. Electrification ETF during the third quarter worth about $28,689,000. Bank of America Corp DE grew its holdings in Global X U.S. Electrification ETF by 36,521.6% during the third quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock worth $13,492,000 after acquiring an additional 455,790 shares during the period. Savvy Advisors Inc. increased its stake in Global X U.S. Electrification ETF by 350.0% in the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock worth $8,716,000 after purchasing an additional 233,286 shares in the last quarter. MML Investors Services LLC purchased a new position in Global X U.S. Electrification ETF in the 4th quarter worth about $4,736,000. Finally, LPL Financial LLC increased its stake in Global X U.S. Electrification ETF by 43.8% in the 4th quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock worth $11,154,000 after purchasing an additional 116,864 shares in the last quarter.

Global X U.S. Electrification ETF Stock Up 1.2%

NASDAQ:ZAP opened at $33.64 on Wednesday. The business’s 50-day moving average price is $32.44 and its 200 day moving average price is $30.90. The firm has a market cap of $403.01 million, a P/E ratio of -336.40 and a beta of 0.65. Global X U.S. Electrification ETF has a 52-week low of $23.40 and a 52-week high of $33.77.

Global X U.S. Electrification ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Monday, April 6th were issued a dividend of $0.1266 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 6th. Global X U.S. Electrification ETF’s payout ratio is presently -510.00%.

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.