Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Expands By 21.7%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,285 shares, an increase of 21.7% from the January 15th total of 10,095 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 61,857 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 61,857 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.9% of the company’s shares are sold short.

Global X Disruptive Materials ETF Stock Down 2.1%

Shares of NASDAQ:DMAT opened at $32.19 on Wednesday. The business’s 50 day moving average is $30.48 and its 200 day moving average is $25.57. The stock has a market cap of $43.13 million, a P/E ratio of -4,693.10 and a beta of 0.94. Global X Disruptive Materials ETF has a 52-week low of $12.05 and a 52-week high of $36.39.

Global X Disruptive Materials ETF Announces Dividend

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

Institutional Trading of Global X Disruptive Materials ETF

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Global X Disruptive Materials ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock worth $192,000 after acquiring an additional 957 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of 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 purchasing an additional 1,199 shares in the last quarter. Jane Street Group LLC purchased a new position in Global X Disruptive Materials ETF during the fourth quarter valued at approximately $295,000. Truist Financial Corp bought a new position in Global X Disruptive Materials ETF in the third quarter worth approximately $311,000. Finally, Flow Traders U.S. LLC bought a new position in Global X Disruptive Materials ETF in the second quarter worth approximately $326,000. 5.34% of the stock is 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.