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 growth in short interest in the month of 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. Based on an average daily trading volume, of 134,373 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ZAP. Jane Street Group LLC increased its stake in shares of Global X U.S. Electrification ETF by 247.4% during the first quarter. Jane Street Group LLC now owns 29,994 shares of the company’s stock valued at $739,000 after purchasing an additional 21,360 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Global X U.S. Electrification ETF during the second quarter valued at approximately $205,000. Bank of America Corp DE bought a new position in shares of Global X U.S. Electrification ETF during the second quarter valued at approximately $34,000. Osaic Holdings Inc. bought a new position in shares of Global X U.S. Electrification ETF during the second quarter valued at approximately $140,000. Finally, Balance Wealth LLC bought a new stake in shares of Global X U.S. Electrification ETF during the third quarter valued at approximately $1,944,000.

Global X U.S. Electrification ETF Price Performance

ZAP traded up $0.30 on Tuesday, hitting $33.54. The company had a trading volume of 39,424 shares, compared to its average volume of 133,078. Global X U.S. Electrification ETF has a 52-week low of $23.40 and a 52-week high of $33.77. The stock has a fifty day simple moving average of $32.39 and a 200-day simple moving average of $30.87. The firm has a market capitalization of $401.81 million, a P/E ratio of -335.40 and a beta of 0.65.

Global X U.S. Electrification ETF Dividend Announcement

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

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.