Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Drops By 47.5%

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

Institutional Trading of Global X Disruptive Materials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DMAT. Jane Street Group LLC increased its stake in Global X Disruptive Materials ETF by 136.2% in the 3rd 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 stake in Global X Disruptive Materials ETF during the 4th quarter valued at $150,000. Citadel Advisors LLC purchased a new stake in shares of Global X Disruptive Materials ETF in the 4th quarter worth $175,000. Finally, Cetera Investment Advisers purchased a new position in shares of Global X Disruptive Materials ETF during the fourth quarter valued at $151,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Trading Up 1.9 %

Shares of NASDAQ DMAT traded up $0.29 during trading hours on Friday, hitting $15.60. 735 shares of the company traded hands, compared to its average volume of 1,739. 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 capitalization of $5.30 million, a price-to-earnings ratio of -2,274.38 and a beta of 1.05. The company’s 50 day moving average price is $14.82 and its 200 day moving average price is $15.09.

Global X Disruptive Materials ETF Dividend Announcement

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

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.