Global X Disruptive Materials ETF (NASDAQ:DMAT) Trading Down 0.4% – Here’s What Happened

Global X Disruptive Materials ETF (NASDAQ:DMAT) shares fell 0.4% during mid-day trading on Thursday . The company traded as low as $33.3275 and last traded at $33.5547. 13,485 shares traded hands during trading, a decline of 73% from the average session volume of 49,756 shares. The stock had previously closed at $33.7035.

Global X Disruptive Materials ETF Stock Down 0.4%

The stock has a market capitalization of $44.96 million, a P/E ratio of -4,892.07 and a beta of 0.94. The company has a 50-day moving average price of $31.94 and a two-hundred day moving average price of $29.03.

Institutional Trading of Global X Disruptive Materials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Global X Disruptive Materials ETF during the 4th quarter valued at $295,000. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 957 shares in the last quarter. Cetera Investment Advisers boosted its stake in Global X Disruptive Materials ETF by 11.1% during the second quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock valued at $198,000 after buying an additional 1,199 shares during the period. Truist Financial Corp purchased a new position in Global X Disruptive Materials ETF during the third quarter worth about $311,000. Finally, Susquehanna International Group LLP purchased a new position in Global X Disruptive Materials ETF during the third quarter worth about $368,000. 5.34% of the stock is currently owned by hedge funds and other 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.