Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Rises By 449.1%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 84,123 shares, an increase of 449.1% from the January 29th total of 15,320 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 151,049 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 151,049 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bensler LLC boosted its position in shares of Global X U.S. Electrification ETF by 2.0% in the fourth quarter. Bensler LLC now owns 991,322 shares of the company’s stock worth $28,808,000 after purchasing an additional 19,456 shares during the period. Bank of America Corp DE increased its stake in Global X U.S. Electrification ETF by 36,521.6% in the 3rd quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock worth $13,492,000 after buying an additional 455,790 shares in the last quarter. 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 buying an additional 116,864 shares in the last quarter. Savvy Advisors Inc. lifted its position in shares of Global X U.S. Electrification ETF by 350.0% in the fourth quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock valued at $8,716,000 after acquiring an additional 233,286 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Global X U.S. Electrification ETF by 113.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock valued at $5,521,000 after acquiring an additional 101,000 shares in the last quarter.

Global X U.S. Electrification ETF Stock Performance

Shares of NASDAQ ZAP opened at $33.40 on Thursday. The company has a market cap of $322.98 million, a PE ratio of -334.00 and a beta of 1.40. The firm’s 50 day moving average price is $30.65 and its 200-day moving average price is $29.85. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.1484 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.59 annualized dividend and a yield of 1.8%. This is an increase from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) 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.