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

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

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

Several large investors have recently made changes to their positions in the business. Bensler LLC purchased a new stake in shares of Global X U.S. Electrification ETF in the 3rd quarter worth approximately $28,689,000. Bank of America Corp DE grew its stake in shares of Global X U.S. Electrification ETF by 36,521.6% in 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 last quarter. Savvy Advisors Inc. increased its holdings in shares of 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 valued at $8,716,000 after acquiring an additional 233,286 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Global X U.S. Electrification ETF in the 4th quarter worth about $4,736,000. Finally, LPL Financial LLC boosted 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 Trading Up 0.3%

Global X U.S. Electrification ETF stock traded up $0.11 on Wednesday, hitting $33.40. 96,221 shares of the stock traded hands, compared to its average volume of 146,830. Global X U.S. Electrification ETF has a 1 year low of $22.16 and a 1 year high of $33.47. The firm has a market cap of $322.98 million, a P/E ratio of -334.00 and a beta of 1.40. The business’s fifty day simple moving average is $30.65 and its 200 day simple moving average is $29.85.

Global X U.S. Electrification ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1484 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is an increase from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. This represents a $0.59 annualized dividend and a yield of 1.8%. Global X U.S. Electrification ETF’s payout ratio is presently -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.