Global X U.S. Electrification ETF (NASDAQ:ZAP – Get 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
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.
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