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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 164,786 shares, a growth of 95.9% from the February 12th total of 84,123 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 81,582 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 81,582 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.7% of the company’s stock are sold short.

Global X U.S. Electrification ETF Trading Down 0.3%

Shares of NASDAQ:ZAP opened at $32.44 on Thursday. The firm has a market cap of $313.69 million, a price-to-earnings ratio of -324.40 and a beta of 1.40. Global X U.S. Electrification ETF has a 1 year low of $22.16 and a 1 year high of $33.47. The business has a fifty day simple moving average of $31.36 and a 200 day simple moving average of $30.18.

Global X U.S. Electrification ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.1484 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. Global X U.S. Electrification ETF’s payout ratio is currently -520.00%.

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

Institutional investors have recently modified their holdings of the company. Bensler LLC bought a new position in Global X U.S. Electrification ETF in the 3rd quarter worth $28,689,000. Bank of America Corp DE boosted its holdings in Global X U.S. Electrification ETF by 36,521.6% during the third quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock valued at $13,492,000 after acquiring an additional 455,790 shares during the period. Savvy Advisors Inc. grew its position in shares of Global X U.S. Electrification ETF by 350.0% in the fourth quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock valued at $8,716,000 after purchasing an additional 233,286 shares during the last quarter. MML Investors Services LLC bought a new position in shares of Global X U.S. Electrification ETF in the fourth quarter worth about $4,736,000. Finally, LPL Financial LLC increased its stake in shares of Global X U.S. Electrification ETF by 43.8% in the fourth quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock worth $11,154,000 after purchasing an additional 116,864 shares during the period.

About Global X U.S. Electrification ETF

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.