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

Global X U.S. Electrification ETF (NASDAQ:ZAP – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 158,498 shares, an increase of 72.1% from the May 14th total of 92,076 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 124,064 shares, the days-to-cover ratio is presently 1.3 days.

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

Several large investors have recently bought and sold shares of ZAP. Bank of America Corp DE increased its holdings in 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 in the last quarter. Savvy Advisors Inc. increased its holdings in 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 in the last quarter. MML Investors Services LLC bought a new stake in Global X U.S. Electrification ETF in the 4th quarter worth about $4,736,000. Flynn Zito Capital Management LLC bought a new stake in Global X U.S. Electrification ETF in the 1st quarter worth about $4,766,000. Finally, LPL Financial LLC boosted its position 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 during the last quarter.

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Global X U.S. Electrification ETF Stock Up 1.3%

Shares of NASDAQ:ZAP traded up $0.45 on Monday, hitting $33.80. 85,959 shares of the company traded hands, compared to its average volume of 126,864. Global X U.S. Electrification ETF has a 52 week low of $26.01 and a 52 week high of $34.99. The stock has a 50 day simple moving average of $33.47 and a 200-day simple moving average of $31.84. The company has a market cap of $444.47 million, a PE ratio of -338.00 and a beta of 0.54.

Global X U.S. Electrification ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, April 6th were issued a dividend of $0.1266 per share. The ex-dividend date 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 presently -510.00%.

Global X U.S. Electrification ETF Company Profile

(Get Free Report)

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.

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