Global X Disruptive Materials ETF (NASDAQ:DMAT) Sees Significant Decline in Short Interest

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 10,095 shares, a decrease of 83.4% from the December 31st total of 60,762 shares. Based on an average daily volume of 52,109 shares, the short-interest ratio is presently 0.2 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 52,109 shares, the short-interest ratio is presently 0.2 days.

Global X Disruptive Materials ETF Stock Performance

NASDAQ:DMAT traded up $0.13 during mid-day trading on Wednesday, reaching $35.06. The stock had a trading volume of 30,892 shares, compared to its average volume of 55,163. Global X Disruptive Materials ETF has a one year low of $12.05 and a one year high of $35.56. The firm has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $24.05. The stock has a market capitalization of $40.32 million, a P/E ratio of -5,111.53 and a beta of 0.94.

Global X Disruptive Materials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.0495 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 35.0%. Global X Disruptive Materials ETF’s payout ratio is currently -2,624.29%.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Several institutional investors have recently added to or reduced their stakes in DMAT. Susquehanna International Group LLP bought a new stake in shares of Global X Disruptive Materials ETF in the 3rd quarter worth about $368,000. Envestnet Asset Management Inc. grew its position in Global X Disruptive Materials ETF by 103.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock worth $575,000 after purchasing an additional 12,052 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Global X Disruptive Materials ETF in the third quarter worth about $311,000. Flow Traders U.S. LLC acquired a new position in Global X Disruptive Materials ETF during the second quarter valued at $326,000. Finally, Cetera Investment Advisers grew its stake in shares of Global X Disruptive Materials ETF by 11.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock worth $198,000 after purchasing an additional 1,199 shares during the period. Hedge funds and other institutional investors own 5.34% of the company’s stock.

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.