Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 73.3% in June

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,431 shares, a decrease of 73.3% from the June 15th total of 65,175 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 126,414 shares, the days-to-cover ratio is presently 0.1 days.

Global X U.S. Electrification ETF Stock Performance

Shares of NASDAQ ZAP opened at $33.66 on Tuesday. The stock has a market capitalization of $473.93 million, a P/E ratio of -336.60 and a beta of 0.53. The stock’s fifty day moving average is $33.83 and its 200 day moving average is $32.52. Global X U.S. Electrification ETF has a 52 week low of $26.50 and a 52 week high of $35.39.

Global X U.S. Electrification ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, July 6th were issued a $0.1684 dividend. This represents a $0.67 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, July 6th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is currently -540.00%.

Institutional Trading of Global X U.S. Electrification ETF

Several large investors have recently made changes to their positions in ZAP. Bank of America Corp DE bought a new position in Global X U.S. Electrification ETF in the second quarter valued at approximately $34,000. Ameriflex Group Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 4th quarter valued at $51,000. Fifth Third Bancorp acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at $73,000. Osaic Holdings Inc. bought a new position in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at $140,000. Finally, Raymond James Financial Inc. bought a new position in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at $205,000.

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.