Global X U.S. Electrification ETF (NASDAQ:ZAP) Trading 1.2% Higher – Time to Buy?

Global X U.S. Electrification ETF (NASDAQ:ZAP)’s share price was up 1.2% on Friday . The company traded as high as $33.51 and last traded at $33.35. Approximately 77,191 shares traded hands during trading, a decline of 39% from the average daily volume of 127,339 shares. The stock had previously closed at $32.95.

Global X U.S. Electrification ETF Stock Performance

The business has a 50 day moving average price of $33.47 and a 200-day moving average price of $31.83. The company has a market capitalization of $438.55 million, a price-to-earnings ratio of -333.50 and a beta of 0.54.

Global X U.S. Electrification ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, April 6th were given a dividend of $0.1266 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.51 annualized dividend and a dividend yield of 1.5%. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -510.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZAP. Bank of America Corp DE bought a new stake in Global X U.S. Electrification ETF in the second quarter valued at $34,000. Ameriflex Group Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 4th quarter valued at about $51,000. Fifth Third Bancorp bought a new stake in Global X U.S. Electrification ETF in the 1st quarter valued at about $73,000. Osaic Holdings Inc. acquired a new position in Global X U.S. Electrification ETF during the 2nd quarter worth approximately $140,000. Finally, Raymond James Financial Inc. bought a new position in Global X U.S. Electrification ETF in the second quarter worth approximately $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.