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 significant decrease in short interest in 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 company’s stock are short sold. Based on an average daily volume of 72,391 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ZAP. Bank of America Corp DE lifted its holdings in shares of Global X U.S. Electrification ETF by 36,521.6% in the 3rd quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock valued at $13,492,000 after buying an additional 455,790 shares during the period. MML Investors Services LLC purchased a new stake in shares of Global X U.S. Electrification ETF in the fourth quarter valued at approximately $4,736,000. Flynn Zito Capital Management LLC acquired a new position in Global X U.S. Electrification ETF during the first quarter worth $4,766,000. LPL Financial LLC grew its holdings in Global X U.S. Electrification ETF by 43.8% during the fourth quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock worth $11,154,000 after acquiring an additional 116,864 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Global X U.S. Electrification ETF by 113.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock worth $5,521,000 after acquiring an additional 101,000 shares in the last quarter.

Global X U.S. Electrification ETF Stock Performance

ZAP stock traded up $0.04 during mid-day trading on Thursday, reaching $33.00. The company had a trading volume of 158,828 shares, compared to its average volume of 122,407. The firm has a fifty day simple moving average of $33.49 and a 200 day simple moving average of $33.03. The company 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 has a fifty-two week low of $27.32 and a fifty-two week high of $35.39.

Global X U.S. Electrification ETF Announces Dividend

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