Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 73.3% in June

Global X U.S. Electrification ETF (NASDAQ:ZAP) saw a large decline in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 126,414 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Global X U.S. Electrification ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ZAP. Trilogy Capital Inc. increased its holdings in shares of Global X U.S. Electrification ETF by 11.4% during the 2nd quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock worth $734,000 after purchasing an additional 2,171 shares during the period. Bank of America Corp DE raised its position in shares of Global X U.S. Electrification ETF by 34.2% during the first quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock valued at $39,496,000 after buying an additional 312,881 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Global X U.S. Electrification ETF by 409.2% in the first quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock valued at $2,837,000 after buying an additional 70,897 shares during the period. Flynn Zito Capital Management LLC bought a new stake in shares of Global X U.S. Electrification ETF in the first quarter valued at about $4,766,000. Finally, Retirement Planning Group LLC acquired a new stake in Global X U.S. Electrification ETF during the first quarter worth about $419,000.

Global X U.S. Electrification ETF Stock Performance

Shares of ZAP traded up $0.06 during mid-day trading on Friday, hitting $33.69. The company’s stock had a trading volume of 75,824 shares, compared to its average volume of 128,169. Global X U.S. Electrification ETF has a one year low of $26.50 and a one year high of $35.39. The firm has a market capitalization of $473.34 million, a PE ratio of -336.90 and a beta of 0.53. The stock’s 50-day moving average is $33.86 and its two-hundred day moving average is $32.49.

Global X U.S. Electrification ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Monday, July 6th were paid a dividend of $0.1684 per share. This represents a $0.67 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, July 6th. Global X U.S. Electrification ETF’s dividend payout ratio is presently -540.00%.

Global X U.S. Electrification ETF Company Profile

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.