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 June. As of June 15th, there was short interest totaling 65,175 shares, a drop of 58.9% from the May 31st total of 158,498 shares. Based on an average daily volume of 118,471 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

Global X U.S. Electrification ETF Stock Performance

Shares of ZAP stock opened at $34.61 on Wednesday. Global X U.S. Electrification ETF has a fifty-two week low of $26.33 and a fifty-two week high of $35.39. The stock has a 50 day simple moving average of $33.79 and a two-hundred day simple moving average of $32.23. The company has a market cap of $455.12 million, a P/E ratio of -346.10 and a beta of 0.54.

Global X U.S. Electrification ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in Global X U.S. Electrification ETF during the second quarter worth $34,000. Ameriflex Group Inc. bought a new position in shares of Global X U.S. Electrification ETF during the 4th quarter worth about $51,000. Fifth Third Bancorp acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at about $73,000. Osaic Holdings Inc. bought a new stake in Global X U.S. Electrification ETF in the 2nd quarter valued at about $140,000. Finally, Raymond James Financial Inc. acquired a new position in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $205,000.

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.