Global X Disruptive Materials ETF (NASDAQ:DMAT) Shares Up 1.4% – Time to Buy?

Global X Disruptive Materials ETF (NASDAQ:DMAT) rose 1.4% during trading on Thursday . The stock traded as high as $26.70 and last traded at $26.41. Approximately 14,420 shares changed hands during trading, an increase of 104% from the average daily volume of 7,055 shares. The stock had previously closed at $26.05.

Global X Disruptive Materials ETF Trading Down 1.0%

The company has a market capitalization of $10.94 million, a P/E ratio of -3,797.93 and a beta of 0.94. The company has a 50 day moving average price of $24.72 and a 200 day moving average price of $20.94.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC acquired a new stake in shares of Global X Disruptive Materials ETF during the 1st quarter worth about $188,000. Envestnet Asset Management Inc. raised its holdings in Global X Disruptive Materials ETF by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock valued at $192,000 after acquiring an additional 957 shares during the period. Cetera Investment Advisers lifted its position 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 acquiring an additional 1,199 shares during the last quarter. Truist Financial Corp acquired a new stake in Global X Disruptive Materials ETF during the third quarter worth approximately $311,000. Finally, Jane Street Group LLC boosted its holdings in shares of Global X Disruptive Materials ETF by 113.1% during the first quarter. Jane Street Group LLC now owns 22,524 shares of the company’s stock worth $325,000 after acquiring an additional 11,952 shares during the period. 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.