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

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 158,498 shares, an increase of 72.1% from the May 14th total of 92,076 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 124,064 shares, the short-interest ratio is currently 1.3 days.

Global X U.S. Electrification ETF Stock Up 1.3%

Shares of ZAP stock traded up $0.45 on Monday, hitting $33.80. The stock had a trading volume of 85,959 shares, compared to its average volume of 126,864. The business has a 50 day moving average price of $33.47 and a 200 day moving average price of $31.84. The company has a market cap of $444.47 million, a PE ratio of -338.00 and a beta of 0.54. Global X U.S. Electrification ETF has a one year low of $26.01 and a one year high of $34.99.

Global X U.S. Electrification ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors 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 payout ratio is presently -510.00%.

Institutional Trading of Global X U.S. Electrification ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Global X U.S. Electrification ETF by 34.2% in the first 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. Cetera Investment Advisers lifted its stake in shares of Global X U.S. Electrification ETF by 409.2% during the 1st quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock worth $2,837,000 after purchasing an additional 70,897 shares during the last quarter. Flynn Zito Capital Management LLC purchased a new stake in shares of Global X U.S. Electrification ETF during the 1st quarter worth $4,766,000. Retirement Planning Group LLC purchased a new stake in shares of Global X U.S. Electrification ETF during the 1st quarter worth $419,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Global X U.S. Electrification ETF during the 1st quarter worth $73,000.

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.