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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a significant 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. Based on an average daily volume of 105,309 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.

Global X U.S. Electrification ETF Price Performance

Global X U.S. Electrification ETF stock traded down $0.39 during trading on Friday, reaching $33.56. 73,318 shares of the company were exchanged, compared to its average volume of 124,525. 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 capitalization of $475.88 million, a P/E ratio of -335.60 and a beta of 0.53. The stock’s 50 day simple moving average is $33.76 and its two-hundred day simple moving average is $32.76.

Global X U.S. Electrification ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Trilogy Capital Inc. boosted its position 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 valued at $734,000 after acquiring an additional 2,171 shares during the last quarter. Bank of America Corp DE raised its stake in 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 worth $39,496,000 after purchasing an additional 312,881 shares during the period. Cetera Investment Advisers raised its stake in Global X U.S. Electrification ETF by 409.2% during the first quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock worth $2,837,000 after purchasing an additional 70,897 shares during the period. Flynn Zito Capital Management LLC acquired a new position in Global X U.S. Electrification ETF in the 1st quarter valued at about $4,766,000. Finally, Retirement Planning Group LLC acquired a new position in Global X U.S. Electrification ETF in the 1st quarter valued at about $419,000.

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.