Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Grows By 414.2%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 74,280 shares, a growth of 414.2% from the July 30th total of 14,445 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 116,839 shares, the short-interest ratio is currently 0.6 days.

Global X U.S. Electrification ETF Price Performance

NASDAQ:ZAP traded down $0.17 during mid-day trading on Thursday, reaching $31.85. The stock had a trading volume of 72,067 shares, compared to its average volume of 121,405. Global X U.S. Electrification ETF has a 12 month low of $27.32 and a 12 month high of $35.39. The stock has a market capitalization of $453.54 million, a PE ratio of -318.50 and a beta of 0.57. The stock has a 50-day simple moving average of $33.26 and a two-hundred day simple moving average of $33.14.

Global X U.S. Electrification ETF Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.1%. 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%.

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

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in Global X U.S. Electrification ETF by 247.4% in the first quarter. Jane Street Group LLC now owns 29,994 shares of the company’s stock valued at $739,000 after buying an additional 21,360 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Global X U.S. Electrification ETF during the second quarter worth about $205,000. Bank of America Corp DE acquired a new position in Global X U.S. Electrification ETF during the second quarter worth about $34,000. Osaic Holdings Inc. bought a new position in shares of Global X U.S. Electrification ETF in the second quarter worth about $140,000. Finally, Blair William & Co. IL lifted its holdings in shares of Global X U.S. Electrification ETF by 888.0% in the third quarter. Blair William & Co. IL now owns 56,189 shares of the company’s stock worth $1,659,000 after acquiring an additional 50,502 shares during 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.