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

Global X U.S. Electrification ETF (NASDAQ:ZAPGet Free Report) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 164,786 shares, a growth of 95.9% from the February 12th total of 84,123 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 81,582 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 81,582 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.7% of the company’s shares are sold short.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ ZAP opened at $32.45 on Friday. Global X U.S. Electrification ETF has a 1-year low of $22.16 and a 1-year high of $33.47. The company has a market capitalization of $313.79 million, a price-to-earnings ratio of -324.50 and a beta of 1.40. The business has a 50-day moving average of $31.43 and a 200-day moving average of $30.19.

Global X U.S. Electrification ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.1484 per share. This is a boost from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 30th. This represents a $0.59 dividend on an annualized basis and a yield of 1.8%. Global X U.S. Electrification ETF’s payout ratio is -520.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Balance Wealth LLC bought a new stake in shares of Global X U.S. Electrification ETF in the 3rd quarter worth approximately $1,944,000. Oppenheimer & Co. Inc. bought a new position in Global X U.S. Electrification ETF during the 3rd quarter worth $626,000. Savvy Advisors Inc. bought a new position in Global X U.S. Electrification ETF during the 3rd quarter worth $1,967,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X U.S. Electrification ETF in the third quarter worth $2,627,000. Finally, Bensler LLC acquired a new stake in Global X U.S. Electrification ETF in the third quarter worth $28,689,000.

About Global X U.S. Electrification ETF

(Get Free Report)

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.

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