Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 73.3% in June

Global X U.S. Electrification ETF (NASDAQ:ZAP) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,431 shares, a drop of 73.3% from the June 15th total of 65,175 shares. Based on an average trading volume of 126,414 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of Global X U.S. Electrification ETF by 34.2% during the 1st quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock worth $39,496,000 after acquiring an additional 312,881 shares during the period. Bensler LLC increased its stake in Global X U.S. Electrification ETF by 2.0% in the fourth quarter. Bensler LLC now owns 991,322 shares of the company’s stock valued at $28,808,000 after acquiring an additional 19,456 shares during the period. LPL Financial LLC raised its position in Global X U.S. Electrification ETF by 43.8% in the fourth quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock worth $11,154,000 after purchasing an additional 116,864 shares in the last quarter. Savvy Advisors Inc. raised its position in Global X U.S. Electrification ETF by 350.0% in the fourth quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock worth $8,716,000 after purchasing an additional 233,286 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X U.S. Electrification ETF by 113.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock worth $5,521,000 after purchasing an additional 101,000 shares during the period.

Global X U.S. Electrification ETF Price Performance

Shares of ZAP traded up $0.06 on Friday, reaching $33.69. 75,824 shares of the stock traded hands, compared to its average volume of 128,169. The firm has a market cap of $473.34 million, a price-to-earnings ratio of -336.90 and a beta of 0.53. Global X U.S. Electrification ETF has a 12 month low of $26.50 and a 12 month high of $35.39. The stock’s 50-day moving average price is $33.86 and its 200-day moving average price is $32.49.

Global X U.S. Electrification ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Monday, July 6th were given a $0.1684 dividend. This represents a $0.67 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, July 6th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -540.00%.

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.