Global X U.S. Electrification ETF (NASDAQ:ZAP) Trading Up 1.2% – Time to Buy?
by Michael Walen · The Markets DailyGlobal X U.S. Electrification ETF (NASDAQ:ZAP – Get Free Report) rose 1.2% during mid-day trading on Friday . The company traded as high as $33.51 and last traded at $33.35. Approximately 77,191 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 127,339 shares. The stock had previously closed at $32.95.
Global X U.S. Electrification ETF Stock Up 1.2%
The company has a market cap of $438.55 million, a PE ratio of -333.50 and a beta of 0.54. The business has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $31.83.
Global X U.S. Electrification ETF Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, April 6th were given a $0.1266 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. Global X U.S. Electrification ETF’s payout ratio is presently -510.00%.
Institutional Trading of Global X U.S. Electrification ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in Global X U.S. Electrification ETF in the second quarter valued at approximately $34,000. Ameriflex Group Inc. acquired a new position in shares of Global X U.S. Electrification ETF in the fourth quarter worth $51,000. Fifth Third Bancorp acquired a new position in shares of Global X U.S. Electrification ETF in the first quarter worth $73,000. Osaic Holdings Inc. acquired a new position in shares of Global X U.S. Electrification ETF in the second quarter worth $140,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Global X U.S. Electrification ETF in the second 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.