Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Decreases By 56.8%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 48,977 shares, a drop of 56.8% from the December 15th total of 113,347 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 114,078 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 114,078 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Global X U.S. Electrification ETF Trading Up 0.4%

NASDAQ:ZAP opened at $30.08 on Thursday. The business’s fifty day moving average price is $29.72 and its 200 day moving average price is $29.02. The firm has a market capitalization of $276.44 million, a price-to-earnings ratio of -300.80 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 $31.52.

Global X U.S. Electrification ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a $0.1484 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.0%. 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 dividend payout ratio is currently -520.00%.

Institutional Trading of Global X U.S. Electrification ETF

Several institutional investors have recently made changes to their positions in the stock. Bensler LLC purchased a new stake in Global X U.S. Electrification ETF in the 3rd quarter worth approximately $28,689,000. Bank of America Corp DE increased its stake in shares of Global X U.S. Electrification ETF by 36,521.6% in the third quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock worth $13,492,000 after acquiring an additional 455,790 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X U.S. Electrification ETF during the third quarter worth $2,627,000. Savvy Advisors Inc. acquired a new stake in Global X U.S. Electrification ETF during the third quarter valued at $1,967,000. Finally, Balance Wealth LLC purchased a new position in Global X U.S. Electrification ETF in the third quarter valued at about $1,944,000.

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.