Global X U.S. Electrification ETF (NASDAQ:ZAP) Sees Significant Growth in Short Interest

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 74,280 shares, an increase of 414.2% from the July 30th total of 14,445 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 116,839 shares, the short-interest ratio is presently 0.6 days.

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

Several large investors have recently modified their holdings of ZAP. 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 shares of Global X U.S. Electrification ETF during the 4th quarter worth about $51,000. Fifth Third Bancorp acquired a new position in Global X U.S. Electrification ETF during the 1st quarter valued at $73,000. Osaic Holdings Inc. bought a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter worth approximately $140,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Electrification ETF during the 2nd quarter valued at about $205,000.

Global X U.S. Electrification ETF Trading Up 0.3%

Shares of NASDAQ ZAP opened at $31.84 on Wednesday. Global X U.S. Electrification ETF has a 12-month low of $27.32 and a 12-month high of $35.39. The company has a market cap of $453.40 million, a price-to-earnings ratio of -318.40 and a beta of 0.57. The stock’s 50 day simple moving average is $33.35 and its 200 day simple moving average is $33.12.

Global X U.S. Electrification ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 annualized dividend and a yield of 2.1%. Global X U.S. Electrification ETF’s dividend payout ratio is presently -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.