Global X Disruptive Materials ETF (NASDAQ:DMAT) Sees Large Growth in Short Interest

Global X Disruptive Materials ETF (NASDAQ:DMAT) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 47,000 shares, an increase of 276.0% from the September 30th total of 12,500 shares. Currently, 11.2% of the shares of the company are sold short. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 4.2 days. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 4.2 days. Currently, 11.2% of the shares of the company are sold short.

Global X Disruptive Materials ETF Stock Performance

Shares of NASDAQ DMAT opened at $24.11 on Wednesday. The stock has a market cap of $10.13 million, a PE ratio of -3,515.09 and a beta of 0.94. Global X Disruptive Materials ETF has a fifty-two week low of $12.05 and a fifty-two week high of $27.11. The stock has a fifty day moving average of $22.86 and a 200-day moving average of $18.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Clear Creek Financial Management LLC bought a new position in Global X Disruptive Materials ETF in the 1st quarter valued at $149,000. OLD Mission Capital LLC bought a new position in Global X Disruptive Materials ETF in the 1st quarter valued at $188,000. Envestnet Asset Management Inc. boosted its holdings in Global X Disruptive Materials ETF by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after purchasing an additional 957 shares during the period. Cetera Investment Advisers boosted 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 purchasing an additional 1,199 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Global X Disruptive Materials ETF by 113.1% in the 1st quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after purchasing an additional 11,952 shares during the period. 5.34% of the stock is owned by institutional investors.

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.