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

Posted by Don Miller on Jul 25th, 2024

Global X Disruptive Materials ETF (NASDAQ:DMAT – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 2,300 shares, a decline of 71.3% from the June 30th total of 8,000 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

An institutional investor recently bought a new position in Global X Disruptive Materials ETF stock. Clear Creek Financial Management LLC bought a new position in shares of Global X Disruptive Materials ETF (NASDAQ:DMAT – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,750 shares of the company’s stock, valued at approximately $162,000. Clear Creek Financial Management LLC owned 2.56% of Global X Disruptive Materials ETF as of its most recent filing with the SEC. 5.34% of the stock is currently owned by institutional investors.

Global X Disruptive Materials ETF Stock Performance

NASDAQ DMAT traded up $0.03 during trading on Thursday, hitting $14.12. The stock had a trading volume of 209 shares, compared to its average volume of 2,976. The company has a market capitalization of $5.22 million, a PE ratio of -2,054.24 and a beta of 1.05. The company’s 50-day moving average price is $15.53 and its two-hundred day moving average price is $15.01. Global X Disruptive Materials ETF has a 12 month low of $12.61 and a 12 month high of $19.16.

Global X Disruptive Materials ETF Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.0548 per share. 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.