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

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,000 shares, an increase of 700.0% from the January 31st total of 500 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 1.8 days.

Global X Disruptive Materials ETF Trading Down 1.0 %

DMAT traded down $0.14 during midday trading on Thursday, reaching $14.48. The company’s stock had a trading volume of 462 shares, compared to its average volume of 1,804. The stock has a market cap of $4.92 million, a P/E ratio of -2,110.51 and a beta of 1.05. Global X Disruptive Materials ETF has a twelve month low of $12.28 and a twelve month high of $17.82. The company has a fifty day simple moving average of $14.67 and a 200 day simple moving average of $15.00.

Global X Disruptive Materials ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.0949 dividend. The ex-dividend date of this dividend was Monday, December 30th. Global X Disruptive Materials ETF’s payout ratio is -2,186.91%.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Large investors have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in Global X Disruptive Materials ETF by 136.2% in the 3rd quarter. Jane Street Group LLC now owns 29,044 shares of the company’s stock valued at $463,000 after acquiring an additional 16,746 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Global X Disruptive Materials ETF during the 4th quarter worth $175,000. Cetera Investment Advisers bought a new position in Global X Disruptive Materials ETF in the 4th quarter valued at about $151,000. Finally, Envestnet Asset Management Inc. acquired a new position in Global X Disruptive Materials ETF during the fourth quarter valued at approximately $150,000. 5.34% of the stock is currently owned by institutional investors and hedge funds.

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.