Global X U.S. Electrification ETF (NASDAQ:ZAP) Stock Short Interest Report for September

Global X U.S. Electrification ETF (NASDAQ:ZAP) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 91,430 shares, a growth of 57.9% from the September 15th total of 57,894 shares. Based on an average daily volume of 142,028 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Global X U.S. Electrification ETF

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in 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 valued at $39,496,000 after acquiring an additional 312,881 shares in the last quarter. Flynn Zito Capital Management LLC purchased a new position in shares of Global X U.S. Electrification ETF in the 1st quarter valued at $4,766,000. Envestnet Asset Management Inc. increased its holdings in shares of Global X U.S. Electrification ETF by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 92,316 shares of the company’s stock valued at $3,195,000 after acquiring an additional 8,803 shares during the period. Cetera Investment Advisers increased its holdings in shares of Global X U.S. Electrification ETF by 409.2% in the 1st quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock valued at $2,837,000 after acquiring an additional 70,897 shares during the period. Finally, Citadel Advisors LLC increased its holdings in shares of Global X U.S. Electrification ETF by 5.1% in the 2nd quarter. Citadel Advisors LLC now owns 60,889 shares of the company’s stock valued at $2,107,000 after acquiring an additional 2,938 shares during the period.

Global X U.S. Electrification ETF Stock Performance

NASDAQ ZAP opened at $31.08 on Friday. The firm’s 50 day moving average price is $31.58 and its 200-day moving average price is $32.83. Global X U.S. Electrification ETF has a 52-week low of $28.89 and a 52-week high of $35.39. The company has a market cap of $444.75 million, a PE ratio of -310.80 and a beta of 0.55.

Global X U.S. Electrification ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, October 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. This is a negative change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. The ex-dividend date of this dividend was Monday, October 5th. Global X U.S. Electrification ETF’s payout ratio is presently -590.00%.

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.