Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 40.3% in October

Global X U.S. Electrification ETF (NASDAQ:ZAPGet Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 18,400 shares, a decrease of 40.3% from the September 30th total of 30,800 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 104,400 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 104,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ ZAP opened at $30.65 on Monday. The firm has a fifty day moving average price of $29.31 and a 200-day moving average price of $27.51. The stock has a market cap of $240.60 million, a PE ratio of -306.50 and a beta of 1.40. Global X U.S. Electrification ETF has a 1 year low of $22.16 and a 1 year high of $31.52.

Global X U.S. Electrification ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 3rd were given a dividend of $0.0981 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.3%. Global X U.S. Electrification ETF’s dividend payout ratio is currently -370.00%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Advisors LLC bought a new position in shares of Global X U.S. Electrification ETF during the first quarter worth $2,578,000. Balance Wealth LLC bought a new position in shares of Global X U.S. Electrification ETF during the third quarter worth $1,944,000. Jane Street Group LLC boosted its position 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 worth $739,000 after acquiring an additional 21,360 shares during the last quarter. APS Management Group Inc. bought a new position in shares of Global X U.S. Electrification ETF during the third quarter worth $420,000. Finally, Trilogy Capital Inc. bought a new position in shares of Global X U.S. Electrification ETF during the third quarter worth $325,000.

About Global X U.S. Electrification ETF

(Get Free Report)

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.

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