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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 50,125 shares, a decrease of 69.6% from the February 26th total of 164,786 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 103,243 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Global X U.S. Electrification ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its holdings in shares of Global X U.S. Electrification ETF by 3.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock worth $637,000 after acquiring an additional 721 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in shares of Global X U.S. Electrification ETF by 277.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,034 shares of the company’s stock valued at $31,000 after purchasing an additional 760 shares during the period. Inspire Advisors LLC boosted its position in shares of Global X U.S. Electrification ETF by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 96,664 shares of the company’s stock valued at $2,809,000 after purchasing an additional 910 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Global X U.S. Electrification ETF during the second quarter valued at approximately $34,000. Finally, IFP Advisors Inc grew its stake in Global X U.S. Electrification ETF by 21.7% in the third quarter. IFP Advisors Inc now owns 8,718 shares of the company’s stock worth $257,000 after purchasing an additional 1,554 shares during the period.

Global X U.S. Electrification ETF Stock Performance

NASDAQ ZAP opened at $32.00 on Thursday. The stock has a market cap of $309.44 million, a P/E ratio of -320.00 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 $33.47. The stock has a 50 day simple moving average of $31.89 and a two-hundred day simple moving average of $30.48.

Global X U.S. Electrification ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.1484 per share. 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. 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 payout ratio is presently -520.00%.

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.