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

Global X Disruptive Materials ETF (NASDAQ:DMAT) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 7,240 shares, a growth of 301.3% from the February 12th total of 1,804 shares. Based on an average trading volume of 27,726 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 27,726 shares, the days-to-cover ratio is presently 0.3 days.

Global X Disruptive Materials ETF Trading Up 2.0%

Shares of DMAT stock opened at $31.89 on Wednesday. Global X Disruptive Materials ETF has a 1 year low of $12.05 and a 1 year high of $36.92. The firm’s fifty day simple moving average is $32.64 and its 200 day simple moving average is $27.15. The firm has a market capitalization of $42.73 million, a P/E ratio of -4,649.37 and a beta of 0.94.

Global X Disruptive Materials ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DMAT. Jane Street Group LLC lifted its stake in shares of Global X Disruptive Materials ETF by 113.1% in the first quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after buying an additional 11,952 shares during the period. Envestnet Asset Management Inc. increased its stake in Global X Disruptive Materials ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after acquiring an additional 957 shares during the period. Cetera Investment Advisers raised its holdings in Global X Disruptive Materials ETF by 11.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock valued at $198,000 after acquiring an additional 1,199 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Global X Disruptive Materials ETF in the 2nd quarter valued at approximately $326,000. Finally, Truist Financial Corp bought a new stake in shares of Global X Disruptive Materials ETF in the 3rd quarter worth approximately $311,000. Institutional investors and hedge funds own 5.34% of the company’s stock.

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.