Global X U.S. Electrification ETF (NASDAQ:ZAP) Short Interest Up 72.1% in May

Global X U.S. Electrification ETF (NASDAQ:ZAP) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 158,498 shares, an increase of 72.1% from the May 14th total of 92,076 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 124,064 shares, the short-interest ratio is presently 1.3 days.

Global X U.S. Electrification ETF Trading Up 1.3%

Shares of NASDAQ ZAP opened at $33.80 on Tuesday. The firm has a market cap of $444.47 million, a P/E ratio of -338.00 and a beta of 0.54. Global X U.S. Electrification ETF has a 1-year low of $26.01 and a 1-year high of $34.99. The business’s 50 day moving average is $33.49 and its 200-day moving average is $31.87.

Global X U.S. Electrification ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, April 6th were paid a dividend of $0.1266 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, April 6th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -510.00%.

Hedge Funds Weigh In On Global X U.S. Electrification ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth $34,000. Ameriflex Group Inc. bought a new position in Global X U.S. Electrification ETF during the 4th quarter worth $51,000. Fifth Third Bancorp bought a new position in Global X U.S. Electrification ETF during the 1st quarter worth $73,000. Osaic Holdings Inc. bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth $140,000. Finally, Raymond James Financial Inc. bought a new position in Global X U.S. Electrification ETF during the 2nd quarter worth $205,000.

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.