Global X U.S. Electrification ETF (NASDAQ:ZAP) Trading Up 0.4% – Time to Buy?

Global X U.S. Electrification ETF (NASDAQ:ZAP) was up 0.4% on Wednesday . The stock traded as high as $31.14 and last traded at $30.88. 101,284 shares changed hands during trading, a decline of 18% from the average session volume of 122,830 shares. The stock had previously closed at $30.77.

Global X U.S. Electrification ETF Stock Performance

The business has a fifty day simple moving average of $32.41 and a 200-day simple moving average of $33.02. The firm has a market cap of $442.01 million, a price-to-earnings ratio of -310.35 and a beta of 0.53.

Global X U.S. Electrification ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, July 6th were given a $0.1684 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, July 6th. Global X U.S. Electrification ETF’s payout ratio is -540.00%.

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

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Global X U.S. Electrification ETF by 34.2% in the first quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock worth $39,496,000 after purchasing an additional 312,881 shares during the period. Flynn Zito Capital Management LLC purchased a new stake in Global X U.S. Electrification ETF in the 1st quarter valued at $4,766,000. Cetera Investment Advisers lifted its position in shares of Global X U.S. Electrification ETF by 409.2% during the first quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock valued at $2,837,000 after purchasing an additional 70,897 shares in the last quarter. Midwest Financial Partners Investments Inc. purchased a new position in shares of Global X U.S. Electrification ETF in the 4th quarter worth approximately $1,525,000. Finally, Private Advisor Group LLC grew its stake in Global X U.S. Electrification ETF by 283.4% in the 1st quarter. Private Advisor Group LLC now owns 34,688 shares of the company’s stock valued at $1,116,000 after purchasing an additional 25,641 shares during the period.

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.