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

Posted by Andrew Walz on Jul 17th, 2024

Global X Disruptive Materials ETF (NASDAQ:DMAT – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 8,000 shares, a decline of 7.0% from the June 15th total of 8,600 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

A hedge fund recently bought a new stake in Global X Disruptive Materials ETF stock. Versant Capital Management Inc acquired a new stake in Global X Disruptive Materials ETF (NASDAQ:DMAT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,336 shares of the company’s stock, valued at approximately $94,000. Versant Capital Management Inc owned about 1.71% of Global X Disruptive Materials ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Trading Down 1.7 %

Shares of NASDAQ:DMAT traded down $0.27 on Wednesday, hitting $14.96. The company had a trading volume of 585 shares, compared to its average volume of 3,037. Global X Disruptive Materials ETF has a 1-year low of $12.61 and a 1-year high of $19.24. The stock has a market cap of $5.53 million, a price-to-earnings ratio of -2,218.98 and a beta of 1.05. The stock has a 50 day moving average price of $15.83 and a 200 day moving average price of $15.03.

Global X Disruptive Materials ETF Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were issued a $0.0548 dividend. The ex-dividend date was Thursday, June 27th. Global X Disruptive Materials ETF’s dividend payout ratio is currently -2,478.50%.

About Global X Disruptive Materials ETF

(Get Free Report)

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.