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

Global X Disruptive Materials ETF (NASDAQ:DMAT) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,804 shares, a decline of 85.3% from the January 29th total of 12,285 shares. Based on an average trading volume of 50,335 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 50,335 shares, the days-to-cover ratio is currently 0.0 days.

Global X Disruptive Materials ETF Price Performance

NASDAQ:DMAT opened at $36.22 on Thursday. The firm has a market capitalization of $48.53 million, a price-to-earnings ratio of -5,280.65 and a beta of 0.94. The business has a 50 day simple moving average of $31.43 and a 200-day simple moving average of $26.17. Global X Disruptive Materials ETF has a 1 year low of $12.05 and a 1 year high of $36.39.

Global X Disruptive Materials ETF Announces Dividend

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

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in Global X Disruptive Materials ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock worth $192,000 after purchasing an additional 957 shares during the period. Cetera Investment Advisers grew its holdings in shares of Global X Disruptive Materials ETF by 11.1% in the second 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 last quarter. Jane Street Group LLC purchased a new position in Global X Disruptive Materials ETF in the 4th quarter worth about $295,000. Truist Financial Corp bought a new stake in Global X Disruptive Materials ETF during the 3rd quarter valued at about $311,000. Finally, Susquehanna International Group LLP purchased a new stake in Global X Disruptive Materials ETF in the 3rd quarter valued at about $368,000. Hedge funds and other institutional investors 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.