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 in March. As of March 31st, there was short interest totaling 77,627 shares, a growth of 54.9% from the March 15th total of 50,125 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 134,373 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Global X U.S. Electrification ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bensler LLC boosted its stake in shares of Global X U.S. Electrification ETF by 2.0% in the 4th quarter. Bensler LLC now owns 991,322 shares of the company’s stock worth $28,808,000 after buying an additional 19,456 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 during the last quarter. LPL Financial LLC boosted its stake in shares of 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 during the last quarter. Savvy Advisors Inc. boosted its stake in shares of Global X U.S. Electrification ETF by 350.0% in the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock worth $8,716,000 after buying an additional 233,286 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Global X U.S. Electrification ETF by 113.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock worth $5,521,000 after buying an additional 101,000 shares during the last quarter.

Global X U.S. Electrification ETF Stock Performance

ZAP traded up $0.30 during midday trading on Tuesday, reaching $33.54. 39,424 shares of the company were exchanged, compared to its average volume of 133,078. The company’s fifty day moving average price is $32.39 and its 200 day moving average price is $30.87. The company has a market cap of $401.81 million, a price-to-earnings ratio of -335.40 and a beta of 0.65. Global X U.S. Electrification ETF has a one year low of $23.40 and a one year high of $33.77.

Global X U.S. Electrification ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, April 6th were issued a dividend of $0.1266 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 6th. Global X U.S. Electrification ETF’s payout ratio is currently -510.00%.

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.