Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Grows By 700.0%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,000 shares, an increase of 700.0% from the January 31st total of 500 shares. Based on an average daily 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 modified their holdings of the business. Jane Street Group LLC lifted 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 during the period. Envestnet Asset Management Inc. bought a new position in shares of Global X Disruptive Materials ETF during the fourth quarter valued at approximately $150,000. Citadel Advisors LLC acquired a new stake in shares of Global X Disruptive Materials ETF during the 4th quarter worth approximately $175,000. Finally, Cetera Investment Advisers bought a new stake in shares of Global X Disruptive Materials ETF in the 4th quarter worth approximately $151,000. 5.34% of the stock is owned by institutional investors and hedge funds.

Global X Disruptive Materials ETF Stock Performance

Global X Disruptive Materials ETF stock traded down $0.14 during midday trading on Thursday, hitting $14.48. 462 shares of the company’s stock were exchanged, compared to its average volume of 1,804. The firm’s 50 day simple moving average is $14.67 and its 200 day simple moving average is $15.00. Global X Disruptive Materials ETF has a 12-month low of $12.28 and a 12-month high of $17.82. The stock has a market cap of $4.92 million, a price-to-earnings ratio of -2,110.51 and a beta of 1.05.

Global X Disruptive Materials ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a $0.0949 dividend. The ex-dividend date was Monday, December 30th. Global X Disruptive Materials ETF’s dividend payout ratio (DPR) is -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.