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 growth in short interest in February. As of February 27th, there was short interest totaling 164,786 shares, a growth 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 company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 81,582 shares, the days-to-cover ratio is currently 2.0 days.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ ZAP opened at $32.63 on Friday. The company has a 50 day simple moving average of $31.49 and a 200 day simple moving average of $30.22. The firm has a market cap of $315.53 million, a PE ratio of -326.30 and a beta of 1.40. Global X U.S. Electrification ETF has a 1 year low of $22.16 and a 1 year 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. Investors of record on Tuesday, December 30th were given a dividend of $0.1484 per share. The ex-dividend date of this dividend 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 is -520.00%.

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

Several institutional investors and hedge funds have recently made changes to their positions in ZAP. Bensler LLC acquired a new stake in Global X U.S. Electrification ETF during the 3rd quarter worth about $28,689,000. Bank of America Corp DE boosted its position in shares of Global X U.S. Electrification ETF by 36,521.6% during the 3rd quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock valued at $13,492,000 after purchasing an additional 455,790 shares in the last quarter. Savvy Advisors Inc. grew its stake in Global X U.S. Electrification ETF by 350.0% during the fourth 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 during the period. MML Investors Services LLC acquired a new stake in Global X U.S. Electrification ETF during the fourth quarter worth approximately $4,736,000. Finally, LPL Financial LLC increased its holdings in Global X U.S. Electrification ETF by 43.8% in the fourth 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 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.