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

Global X U.S. Electrification ETF (NASDAQ:ZAP) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 65,175 shares, a drop of 58.9% from the May 31st total of 158,498 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 118,471 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ZAP. Bank of America Corp DE bought a new stake in shares of Global X U.S. Electrification ETF during the second quarter worth $34,000. Ameriflex Group Inc. bought a new stake in Global X U.S. Electrification ETF in the 4th quarter valued at $51,000. Fifth Third Bancorp acquired a new position in Global X U.S. Electrification ETF in the 1st quarter worth $73,000. Osaic Holdings Inc. acquired a new position in Global X U.S. Electrification ETF in the 2nd quarter worth $140,000. Finally, Raymond James Financial Inc. bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth about $205,000.

Global X U.S. Electrification ETF Price Performance

NASDAQ:ZAP opened at $34.60 on Monday. Global X U.S. Electrification ETF has a fifty-two week low of $26.33 and a fifty-two week high of $35.39. The stock has a market capitalization of $454.99 million, a PE ratio of -346.00 and a beta of 0.54. The business’s 50-day simple moving average is $33.74 and its 200-day simple moving average is $32.15.

Global X U.S. Electrification ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, April 6th were issued a dividend of $0.1266 per share. This represents a $0.51 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, April 6th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -510.00%.

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.