Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Update

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 60,762 shares, an increase of 77.6% from the December 15th total of 34,205 shares. Currently, 7.5% of the company’s shares are sold short. Based on an average daily volume of 27,478 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 27,478 shares, the days-to-cover ratio is currently 2.2 days. Currently, 7.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of 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 worth $192,000 after acquiring an additional 957 shares during the last quarter. Cetera Investment Advisers grew its stake in Global X Disruptive Materials ETF by 11.1% during the 2nd 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 increased its holdings in 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 worth $325,000 after purchasing an additional 11,952 shares during the last quarter. Truist Financial Corp purchased a new stake in Global X Disruptive Materials ETF during the 3rd quarter worth approximately $311,000. Finally, Susquehanna International Group LLP acquired a new stake in Global X Disruptive Materials ETF in the third quarter valued at $368,000. 5.34% of the stock is owned by hedge funds and other institutional investors.

Global X Disruptive Materials ETF Stock Performance

Shares of NASDAQ:DMAT traded down $0.08 during midday trading on Thursday, hitting $32.04. 35,336 shares of the company’s stock traded hands, compared to its average volume of 49,066. The firm’s fifty day moving average price is $26.52 and its two-hundred day moving average price is $23.00. The company has a market cap of $29.15 million, a PE ratio of -4,670.51 and a beta of 0.94. Global X Disruptive Materials ETF has a twelve month low of $12.05 and a twelve month high of $32.72.

Global X Disruptive Materials ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors 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 yield of 35.0%. Global X Disruptive Materials ETF’s payout ratio is -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.