Global X U.S. Electrification ETF (NASDAQ:ZAP) Stock Short Interest Report for September

Global X U.S. Electrification ETF (NASDAQ:ZAP) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 91,430 shares, a growth of 57.9% from the September 15th total of 57,894 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 142,028 shares, the days-to-cover ratio is currently 0.6 days.

Global X U.S. Electrification ETF Stock Down 0.5%

ZAP opened at $31.08 on Friday. The stock’s fifty day moving average is $31.58 and its two-hundred day moving average is $32.83. The company has a market capitalization of $444.75 million, a P/E ratio of -310.80 and a beta of 0.55. Global X U.S. Electrification ETF has a 52 week low of $28.89 and a 52 week high of $35.39.

Global X U.S. Electrification ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, October 5th were issued a $0.15 dividend. The ex-dividend date was Monday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. This is a negative change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is currently -590.00%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ZAP. Private Advisor Group LLC increased its stake in shares of Global X U.S. Electrification ETF by 283.4% during the first quarter. Private Advisor Group LLC now owns 34,688 shares of the company’s stock valued at $1,116,000 after buying an additional 25,641 shares during the period. Cetera Investment Advisers lifted its stake in Global X U.S. Electrification ETF by 409.2% in the first quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock worth $2,837,000 after acquiring an additional 70,897 shares during the period. Flynn Zito Capital Management LLC purchased a new stake in Global X U.S. Electrification ETF in the first quarter worth about $4,766,000. Bank of America Corp DE lifted its stake in 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 worth $39,496,000 after acquiring an additional 312,881 shares during the period. Finally, RFG Advisory LLC bought a new position in Global X U.S. Electrification ETF during the 1st quarter worth about $700,000.

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.