Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Up 72.1% in May

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 158,498 shares, a growth of 72.1% from the May 14th total of 92,076 shares. Based on an average trading volume of 124,064 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the company are short sold.

Global X U.S. Electrification ETF Price Performance

ZAP opened at $34.01 on Wednesday. Global X U.S. Electrification ETF has a fifty-two week low of $26.01 and a fifty-two week high of $34.99. The firm’s fifty day moving average price is $33.52 and its two-hundred day moving average price is $31.90. The company has a market capitalization of $447.23 million, a P/E ratio of -340.10 and a beta of 0.54.

Global X U.S. Electrification ETF Announces Dividend

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

Institutional Investors Weigh In On Global X U.S. Electrification ETF

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Global X U.S. Electrification ETF by 34.2% in the 1st quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock valued at $39,496,000 after purchasing an additional 312,881 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Global X U.S. Electrification ETF by 409.2% in the 1st quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock valued at $2,837,000 after purchasing an additional 70,897 shares in the last quarter. Flynn Zito Capital Management LLC acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at $4,766,000. Retirement Planning Group LLC acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at $419,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at $73,000.

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.