Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Update

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,100 shares, a drop of 47.5% from the February 13th total of 4,000 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Global X Disruptive Materials ETF

Several hedge funds have recently made changes to their positions in DMAT. Envestnet Asset Management Inc. purchased a new stake in Global X Disruptive Materials ETF during the 4th quarter worth about $150,000. Cetera Investment Advisers bought a new position in shares of Global X Disruptive Materials ETF in the fourth quarter worth $151,000. Citadel Advisors LLC bought a new stake in Global X Disruptive Materials ETF during the fourth quarter valued at $175,000. Finally, Jane Street Group LLC grew its position in Global X Disruptive Materials ETF by 136.2% during the third quarter. Jane Street Group LLC now owns 29,044 shares of the company’s stock worth $463,000 after buying an additional 16,746 shares in the last quarter. 5.34% of the stock is currently owned by institutional investors.

Global X Disruptive Materials ETF Price Performance

Shares of Global X Disruptive Materials ETF stock traded up $0.29 during trading hours on Friday, hitting $15.60. 735 shares of the company’s stock traded hands, compared to its average volume of 1,739. The stock has a market capitalization of $5.30 million, a price-to-earnings ratio of -2,274.38 and a beta of 1.05. Global X Disruptive Materials ETF has a 12-month low of $12.28 and a 12-month high of $17.82. The company has a fifty day simple moving average of $14.82 and a 200-day simple moving average of $15.09.

Global X Disruptive Materials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0949 per share. 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.