Global X U.S. Electrification ETF (NASDAQ:ZAP) Trading Up 1.2% – Time to Buy?

Shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) were up 1.2% during mid-day trading on Friday . The company traded as high as $33.51 and last traded at $33.35. Approximately 77,191 shares were traded during trading, a decline of 39% from the average daily volume of 127,339 shares. The stock had previously closed at $32.95.

Global X U.S. Electrification ETF Price Performance

The business has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $31.83. The firm has a market capitalization of $438.55 million, a PE ratio of -333.50 and a beta of 0.54.

Global X U.S. Electrification ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, April 6th were issued a $0.1266 dividend. This represents a $0.51 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, April 6th. Global X U.S. Electrification ETF’s dividend payout ratio is presently -510.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZAP. Bank of America Corp DE boosted its position in Global X U.S. Electrification ETF by 34.2% during the 1st quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock valued at $39,496,000 after acquiring an additional 312,881 shares in the last quarter. Bensler LLC boosted its position in Global X U.S. Electrification ETF by 2.0% during the 4th quarter. Bensler LLC now owns 991,322 shares of the company’s stock valued at $28,808,000 after acquiring an additional 19,456 shares in the last quarter. LPL Financial LLC boosted its position in Global X U.S. Electrification ETF by 43.8% during the 4th quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock valued at $11,154,000 after acquiring an additional 116,864 shares in the last quarter. Savvy Advisors Inc. boosted its position in Global X U.S. Electrification ETF by 350.0% during the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock valued at $8,716,000 after acquiring an additional 233,286 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Global X U.S. Electrification ETF by 113.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock valued at $5,521,000 after acquiring an additional 101,000 shares in the last quarter.

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.