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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 74,280 shares, a growth of 414.2% from the July 30th total of 14,445 shares. Based on an average daily volume of 116,839 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are short sold.

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

Global X U.S. Electrification ETF stock opened at $31.84 on Wednesday. The company’s 50 day moving average is $33.35 and its two-hundred day moving average is $33.12. The firm has a market cap of $453.40 million, a PE ratio of -318.40 and a beta of 0.57. Global X U.S. Electrification ETF has a 52-week low of $27.32 and a 52-week high of $35.39.

Global X U.S. Electrification ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Monday, July 6th were issued a $0.1684 dividend. This represents a $0.67 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, July 6th. Global X U.S. Electrification ETF’s dividend payout ratio is -540.00%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of ZAP. Oppenheimer & Co. Inc. increased its stake in Global X U.S. Electrification ETF by 3.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock valued at $637,000 after purchasing an additional 721 shares in the last quarter. Inspire Advisors LLC raised its stake in Global X U.S. Electrification ETF by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 96,664 shares of the company’s stock worth $2,809,000 after purchasing an additional 910 shares during the period. Bank of America Corp DE acquired a new position in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at about $34,000. Ameriflex Group Inc. acquired a new position in shares of Global X U.S. Electrification ETF during the 4th quarter valued at $51,000. Finally, Trilogy Capital Inc. lifted its position in Global X U.S. Electrification ETF by 11.4% during the 2nd quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock worth $734,000 after acquiring an additional 2,171 shares in the last quarter.

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.