Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Drops By 70.2%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 15,320 shares, a drop of 70.2% from the January 15th total of 51,450 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 150,498 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 150,498 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Global X U.S. Electrification ETF Stock Performance

ZAP opened at $31.94 on Thursday. The firm has a market cap of $308.86 million, a P/E ratio of -319.40 and a beta of 1.40. Global X U.S. Electrification ETF has a fifty-two week low of $22.16 and a fifty-two week high of $31.94. The firm has a 50-day moving average of $29.98 and a 200 day moving average of $29.53.

Global X U.S. Electrification ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1484 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, December 30th. This is an increase from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. Global X U.S. Electrification ETF’s dividend payout ratio is currently -520.00%.

Institutional Trading of Global X U.S. Electrification ETF

Several institutional investors have recently added to or reduced their stakes in ZAP. Balance Wealth LLC purchased a new stake in Global X U.S. Electrification ETF during the 3rd quarter valued at $1,944,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Global X U.S. Electrification ETF in the 3rd quarter worth $2,627,000. Bensler LLC purchased a new stake in shares of Global X U.S. Electrification ETF during the third quarter valued at $28,689,000. Blair William & Co. IL purchased a new position in shares of Global X U.S. Electrification ETF during the second quarter worth $153,000. Finally, IFP Advisors Inc purchased a new stake in shares of Global X U.S. Electrification ETF during the 2nd quarter worth about $193,000.

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.