Global X U.S. Electrification ETF (NASDAQ:ZAP) Sees Significant Drop in Short Interest

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large drop in short interest during 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 150,498 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 150,498 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ ZAP opened at $32.09 on Friday. The firm has a market cap of $310.31 million, a price-to-earnings ratio of -320.90 and a beta of 1.40. The stock’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $29.55. Global X U.S. Electrification ETF has a one year low of $22.16 and a one year high of $32.47.

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 given a dividend of $0.1484 per share. This is a positive change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. This represents a $0.59 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, December 30th. Global X U.S. Electrification ETF’s payout ratio is -520.00%.

Institutional Trading of Global X U.S. Electrification ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of Global X U.S. Electrification ETF by 247.4% during 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 in the last quarter. Blair William & Co. IL acquired a new stake in Global X U.S. Electrification ETF during the second quarter worth approximately $153,000. IFP Advisors Inc bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth $193,000. Raymond James Financial Inc. bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth $205,000. Finally, Bank of America Corp DE acquired a new stake in shares of Global X U.S. Electrification ETF during the 2nd quarter worth $34,000.

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.