Global X Disruptive Materials ETF (NASDAQ:DMAT) Plans Dividend of $0.05

Global X Disruptive Materials ETF (NASDAQ:DMAT) declared a dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be given a dividend of 0.0495 per share on Wednesday, January 7th. This represents a yield of 35.0%. The ex-dividend date is Tuesday, December 30th.

Global X Disruptive Materials ETF Trading Up 2.0%

DMAT stock traded up $0.54 during midday trading on Tuesday, reaching $28.05. The stock had a trading volume of 25,350 shares, compared to its average volume of 7,915. Global X Disruptive Materials ETF has a 52-week low of $12.05 and a 52-week high of $28.82. The company has a market cap of $11.78 million, a price-to-earnings ratio of -4,089.52 and a beta of 0.94. The company’s fifty day simple moving average is $25.13 and its 200 day simple moving average is $21.89.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in Global X Disruptive Materials ETF by 103.3% during the third quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock worth $575,000 after buying an additional 12,052 shares in the last quarter. Jane Street Group LLC raised its holdings 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 worth $325,000 after acquiring an additional 11,952 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Global X Disruptive Materials ETF during the 2nd quarter valued at about $326,000. Susquehanna International Group LLP purchased a new stake in shares of Global X Disruptive Materials ETF in the third quarter valued at about $368,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of Global X Disruptive Materials ETF in the first quarter valued at about $188,000. Institutional investors and hedge funds own 5.34% of the company’s stock.

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.