Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Up 286.1% in July

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large increase in short interest in 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. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 105,309 shares, the short-interest ratio is currently 0.6 days.

Global X U.S. Electrification ETF Stock Performance

Shares of NASDAQ ZAP traded down $0.33 during mid-day trading on Monday, reaching $33.23. The company had a trading volume of 45,527 shares, compared to its average volume of 123,965. The stock has a market capitalization of $471.20 million, a PE ratio of -332.30 and a beta of 0.53. The stock’s 50 day moving average is $33.76 and its 200-day moving average is $32.78. Global X U.S. Electrification ETF has a twelve month low of $27.32 and a twelve month high of $35.39.

Global X U.S. Electrification ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, July 6th were issued 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 is presently -540.00%.

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

Several large investors have recently bought and sold shares of ZAP. Jane Street Group LLC boosted its stake in Global X U.S. Electrification ETF by 247.4% in the 1st quarter. Jane Street Group LLC now owns 29,994 shares of the company’s stock worth $739,000 after purchasing an additional 21,360 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Global X U.S. Electrification ETF during the 2nd quarter worth approximately $205,000. Bank of America Corp DE acquired a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at approximately $34,000. Osaic Holdings Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at approximately $140,000. Finally, Blair William & Co. IL grew its stake in shares of Global X U.S. Electrification ETF by 888.0% in the third quarter. Blair William & Co. IL now owns 56,189 shares of the company’s stock valued at $1,659,000 after buying an additional 50,502 shares in the last quarter.

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.