Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Up 700.0% in February

Global X Disruptive Materials ETF (NASDAQ:DMAT) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,000 shares, a growth of 700.0% from the January 31st total of 500 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Global X Disruptive Materials ETF

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in shares of Global X Disruptive Materials ETF by 136.2% in the third quarter. Jane Street Group LLC now owns 29,044 shares of the company’s stock valued at $463,000 after purchasing an additional 16,746 shares in the last quarter. Citadel Advisors LLC purchased a new position in Global X Disruptive Materials ETF during the 4th quarter valued at about $175,000. Cetera Investment Advisers bought a new stake in Global X Disruptive Materials ETF during the 4th quarter valued at $151,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Global X Disruptive Materials ETF in the 4th quarter worth $150,000. Institutional investors own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Trading Down 1.2 %

Shares of DMAT stock traded down $0.17 during trading hours on Friday, hitting $14.40. 525 shares of the company’s stock were exchanged, compared to its average volume of 1,783. Global X Disruptive Materials ETF has a 12-month low of $12.28 and a 12-month high of $17.82. The business’s 50 day simple moving average is $14.67 and its 200-day simple moving average is $14.99. The company has a market capitalization of $4.90 million, a PE ratio of -2,099.43 and a beta of 1.05.

Global X Disruptive Materials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a $0.0949 dividend. The ex-dividend date was Monday, December 30th. Global X Disruptive Materials ETF’s dividend payout ratio is currently -2,186.91%.

Global X Disruptive Materials ETF Company Profile

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.