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 drop in short interest in the month of March. As of March 13th, there was short interest totaling 50,125 shares, a drop of 69.6% from the February 26th total of 164,786 shares. Based on an average daily trading volume, of 103,243 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are short sold.

Global X U.S. Electrification ETF Trading Down 1.0%

ZAP stock opened at $31.67 on Friday. The company has a market capitalization of $306.25 million, a PE ratio of -316.70 and a beta of 1.40. Global X U.S. Electrification ETF has a 12-month low of $22.16 and a 12-month high of $33.47. The business’s fifty day moving average price is $31.91 and its 200 day moving average price is $30.49.

Global X U.S. Electrification ETF Increases Dividend

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

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

Several institutional investors have recently modified their holdings of the business. Glass Jacobson Investment Advisors llc increased its position in shares of Global X U.S. Electrification ETF by 277.4% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,034 shares of the company’s stock worth $31,000 after acquiring an additional 760 shares during the period. Bank of America Corp DE purchased a new position in Global X U.S. Electrification ETF in the second quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in Global X U.S. Electrification ETF during the 4th quarter worth $51,000. Hazlett Burt & Watson Inc. acquired a new position in Global X U.S. Electrification ETF during the 3rd quarter worth $52,000. Finally, Osaic Holdings Inc. purchased a new stake in Global X U.S. Electrification ETF during the 2nd quarter worth about $140,000.

About Global X U.S. Electrification ETF

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.