Global X U.S. Electrification ETF (NASDAQ:ZAP – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 67,305 shares, an increase of 286.1% from the June 30th total of 17,431 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 105,309 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On Global X U.S. Electrification ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Trilogy Capital Inc. raised its stake in Global X U.S. Electrification ETF by 11.4% in the second quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock worth $734,000 after buying an additional 2,171 shares in the last quarter. Bank of America Corp DE grew 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 during the period. Cetera Investment Advisers grew its holdings in shares of Global X U.S. Electrification ETF by 409.2% during the 1st quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock worth $2,837,000 after acquiring an additional 70,897 shares during the period. Flynn Zito Capital Management LLC bought a new position in shares of Global X U.S. Electrification ETF in the 1st quarter worth approximately $4,766,000. Finally, Retirement Planning Group LLC bought a new position in shares of Global X U.S. Electrification ETF in the 1st quarter worth approximately $419,000.
Global X U.S. Electrification ETF Stock Down 1.0%
Shares of Global X U.S. Electrification ETF stock opened at $33.23 on Tuesday. The business has a 50 day moving average of $33.76 and a 200 day moving average of $32.80. Global X U.S. Electrification ETF has a 52 week low of $27.32 and a 52 week high of $35.39. The company has a market cap of $471.20 million, a PE ratio of -332.30 and a beta of 0.53.
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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