Global X Disruptive Materials ETF (NASDAQ:DMAT) Trading 4.6% Higher – What’s Next?

Global X Disruptive Materials ETF (NASDAQ:DMAT) shares shot up 4.6% during trading on Wednesday . The company traded as high as $29.8576 and last traded at $29.8576. 8,402 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 49,756 shares. The stock had previously closed at $28.5432.

Global X Disruptive Materials ETF Trading Up 4.6%

The company has a market capitalization of $40.01 million, a price-to-earnings ratio of -4,353.05 and a beta of 0.94. The company has a 50 day moving average price of $32.36 and a 200 day moving average price of $28.08.

Institutional Trading of Global X Disruptive Materials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in Global X Disruptive Materials ETF by 867.0% during the 4th quarter. Cetera Investment Advisers now owns 111,329 shares of the company’s stock worth $3,092,000 after purchasing an additional 99,816 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Global X Disruptive Materials ETF in the 4th quarter valued at about $3,332,000. Jane Street Group LLC acquired a new stake in shares of Global X Disruptive Materials ETF during the 4th quarter worth approximately $295,000. Susquehanna International Group LLP acquired a new stake in shares of Global X Disruptive Materials ETF during the 3rd quarter worth approximately $368,000. Finally, Envestnet Asset Management Inc. grew its position in shares of 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 buying an additional 12,052 shares during the period. 5.34% of the stock is currently owned by institutional investors and hedge funds.

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.