Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Rises By 7.7%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 1,400 shares, an increase of 7.7% from the September 30th total of 1,300 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.5 days.

Global X Disruptive Materials ETF Stock Up 2.9 %

Shares of Global X Disruptive Materials ETF stock traded up $0.46 during midday trading on Friday, hitting $16.60. The company’s stock had a trading volume of 852 shares, compared to its average volume of 2,893. Global X Disruptive Materials ETF has a 1-year low of $12.28 and a 1-year high of $17.82. The stock has a 50-day simple moving average of $14.93 and a 200-day simple moving average of $15.18. The firm has a market capitalization of $6.14 million, a P/E ratio of -2,353.11 and a beta of 1.05.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

A hedge fund recently bought a new stake in Global X Disruptive Materials ETF stock. Versant Capital Management Inc acquired a new position in shares of Global X Disruptive Materials ETF (NASDAQ:DMAT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,336 shares of the company’s stock, valued at approximately $94,000. Versant Capital Management Inc owned approximately 1.71% of Global X Disruptive Materials ETF as of its most recent filing with the Securities and Exchange Commission. 5.34% of the stock is currently owned by institutional investors.

About Global X Disruptive Materials ETF

The Global X Disruptive Materials ETF (DMAT) is an exchange-traded fund that is based on the Solactive Disruptive Materials index. The fund is passively managed to track a market cap-weighted index of global stocks that produce metals and other materials associated with disruptive technologies. DMAT was launched on Jan 24, 2022 and is managed by Global X.