Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Down 78.5% in July

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,445 shares, a decrease of 78.5% from the July 15th total of 67,305 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 72,391 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its position in shares of Global X U.S. Electrification ETF by 3.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock worth $637,000 after buying an additional 721 shares in the last quarter. Inspire Advisors LLC increased its holdings in Global X U.S. Electrification ETF by 1.0% during the 4th quarter. Inspire Advisors LLC now owns 96,664 shares of the company’s stock valued at $2,809,000 after acquiring an additional 910 shares in the last quarter. Bank of America Corp DE purchased a new position in Global X U.S. Electrification ETF during the 2nd quarter valued at about $34,000. Ameriflex Group Inc. acquired a new position in Global X U.S. Electrification ETF during the fourth quarter worth about $51,000. Finally, Trilogy Capital Inc. raised its position in Global X U.S. Electrification ETF by 11.4% during the second quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock worth $734,000 after acquiring an additional 2,171 shares during the last quarter.

Global X U.S. Electrification ETF Stock Up 0.1%

Shares of NASDAQ ZAP traded up $0.04 during midday trading on Thursday, hitting $33.00. The company had a trading volume of 158,828 shares, compared to its average volume of 122,407. Global X U.S. Electrification ETF has a twelve month low of $27.32 and a twelve month high of $35.39. The business has a 50-day simple moving average of $33.49 and a two-hundred day simple moving average of $33.03. The firm has a market capitalization of $469.92 million, a price-to-earnings ratio of -330.00 and a beta of 0.57.

Global X U.S. Electrification ETF Announces Dividend

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

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.