Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 78.5% in July

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 14,445 shares, a decline of 78.5% from the July 15th total of 67,305 shares. Based on an average daily trading volume, of 72,391 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Global X U.S. Electrification ETF Stock Performance

Shares of NASDAQ ZAP traded up $0.21 during midday trading on Friday, hitting $33.21. 11,112 shares of the stock traded hands, compared to its average volume of 121,661. Global X U.S. Electrification ETF has a one year low of $27.32 and a one year high of $35.39. The business has a 50 day moving average price of $33.49 and a two-hundred day moving average price of $33.03. The company has a market cap of $472.91 million, a PE ratio of -332.10 and a beta of 0.57.

Global X U.S. Electrification ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, July 6th were issued a dividend of $0.1684 per share. The ex-dividend date was Monday, July 6th. This represents a $0.67 annualized dividend and a yield of 2.0%. Global X U.S. Electrification ETF’s dividend payout ratio is presently -540.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its position in shares of Global X U.S. Electrification ETF by 3.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock worth $637,000 after acquiring an additional 721 shares in the last quarter. Inspire Advisors LLC lifted its position in Global X U.S. Electrification ETF by 1.0% in the 4th quarter. Inspire Advisors LLC now owns 96,664 shares of the company’s stock valued at $2,809,000 after acquiring an additional 910 shares in the last quarter. Bank of America Corp DE bought a new position in Global X U.S. Electrification ETF in the 2nd quarter valued at about $34,000. Ameriflex Group Inc. acquired a new position in Global X U.S. Electrification ETF during the 4th quarter valued at about $51,000. Finally, Trilogy Capital Inc. boosted its stake in Global X U.S. Electrification ETF by 11.4% during the 2nd quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock valued at $734,000 after purchasing an additional 2,171 shares during 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.