Short Interest in Global X U.S. Electrification ETF (NASDAQ:ZAP) Drops By 58.9%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 65,175 shares, a decrease of 58.9% from the May 31st total of 158,498 shares. Based on an average daily trading volume, of 118,471 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

Global X U.S. Electrification ETF Price Performance

Global X U.S. Electrification ETF stock opened at $34.60 on Monday. The stock has a market cap of $454.99 million, a P/E ratio of -346.00 and a beta of 0.54. Global X U.S. Electrification ETF has a twelve month low of $26.33 and a twelve month high of $35.39. The company’s 50-day moving average price is $33.74 and its two-hundred day moving average price is $32.15.

Global X U.S. Electrification ETF Dividend Announcement

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

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

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

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.