Global X U.S. Electrification ETF (NASDAQ:ZAP) Stock Short Interest Rises 143.9%

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 223,022 shares, an increase of 143.9% from the September 30th total of 91,430 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 143,395 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Global X U.S. Electrification ETF

Large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter worth approximately $73,000. Onyx Bridge Wealth Group LLC raised its holdings in shares of Global X U.S. Electrification ETF by 10.1% during the third quarter. Onyx Bridge Wealth Group LLC now owns 7,449 shares of the company’s stock valued at $227,000 after acquiring an additional 682 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Global X U.S. Electrification ETF by 10.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 8,200 shares of the company’s stock valued at $250,000 after acquiring an additional 749 shares in the last quarter. Carlson Financial Inc. bought a new position in shares of Global X U.S. Electrification ETF during the second quarter valued at approximately $341,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Global X U.S. Electrification ETF in the first quarter worth $330,000.

Global X U.S. Electrification ETF Stock Down 0.6%

Shares of Global X U.S. Electrification ETF stock opened at $31.55 on Friday. The company’s fifty day simple moving average is $31.27 and its two-hundred day simple moving average is $32.46. Global X U.S. Electrification ETF has a 12-month low of $28.89 and a 12-month high of $35.39. The firm has a market cap of $449.27 million, a PE ratio of -315.50 and a beta of 0.55.

Global X U.S. Electrification ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, October 5th were issued a dividend of $0.15 per share. This is a decrease from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, October 5th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is currently -590.00%.

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.