Global X U.S. Electrification ETF (NASDAQ:ZAP – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 17,431 shares, a decline of 73.3% from the June 15th total of 65,175 shares. Based on an average daily volume of 126,414 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On Global X U.S. Electrification ETF
Several large investors have recently made changes to their positions in ZAP. Bank of America Corp DE raised its holdings in shares of Global X U.S. Electrification ETF by 34.2% during the 1st quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock worth $39,496,000 after acquiring an additional 312,881 shares in the last quarter. Bensler LLC increased its position in shares of Global X U.S. Electrification ETF by 2.0% during the 4th quarter. Bensler LLC now owns 991,322 shares of the company’s stock valued at $28,808,000 after purchasing an additional 19,456 shares during the last quarter. LPL Financial LLC increased its position in shares of Global X U.S. Electrification ETF by 43.8% during the 4th quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock valued at $11,154,000 after purchasing an additional 116,864 shares during the last quarter. Savvy Advisors Inc. raised its holdings in Global X U.S. Electrification ETF by 350.0% during the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock valued at $8,716,000 after buying an additional 233,286 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Global X U.S. Electrification ETF by 113.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock valued at $5,521,000 after buying an additional 101,000 shares during the period.
Global X U.S. Electrification ETF Stock Down 0.1%
ZAP stock traded down $0.03 during trading on Monday, reaching $33.66. The company’s stock had a trading volume of 66,447 shares, compared to its average volume of 127,698. Global X U.S. Electrification ETF has a 1 year low of $26.50 and a 1 year high of $35.39. The company has a market capitalization of $473.93 million, a P/E ratio of -336.60 and a beta of 0.53. The company’s fifty day moving average is $33.86 and its 200-day moving average is $32.49.
Global X U.S. Electrification ETF Dividend Announcement
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.
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