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

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 10,095 shares, a drop of 83.4% from the December 31st total of 60,762 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of Global X Disruptive Materials ETF by 113.1% during the 1st quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock valued at $325,000 after buying an additional 11,952 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Global X Disruptive Materials ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after purchasing an additional 957 shares in the last quarter. Cetera Investment Advisers lifted 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 worth $198,000 after purchasing an additional 1,199 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Global X Disruptive Materials ETF during the 2nd quarter valued at about $326,000. Finally, Truist Financial Corp bought a new position in shares of Global X Disruptive Materials ETF during the 3rd quarter valued at about $311,000. 5.34% of the stock is currently owned by institutional investors.

Global X Disruptive Materials ETF Stock Down 0.7%

NASDAQ DMAT traded down $0.26 during trading hours on Thursday, reaching $34.96. 31,426 shares of the company were exchanged, compared to its average volume of 55,279. The business’s 50 day simple moving average is $28.31 and its 200-day simple moving average is $24.13. Global X Disruptive Materials ETF has a 1 year low of $12.05 and a 1 year high of $36.39. The stock has a market capitalization of $40.20 million, a P/E ratio of -5,096.22 and a beta of 0.94.

Global X Disruptive Materials ETF Announces Dividend

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

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.