Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Increases By 77.6%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 60,762 shares, a growth of 77.6% from the December 15th total of 34,205 shares. Currently, 7.5% of the company’s shares are short sold. 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 short sold.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

Several hedge funds have recently bought and sold shares of DMAT. Envestnet Asset Management Inc. boosted its position in Global X Disruptive Materials ETF by 103.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock worth $575,000 after acquiring an additional 12,052 shares during the period. 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 purchasing an additional 11,952 shares during the period. Flow Traders U.S. LLC purchased a new position in Global X Disruptive Materials ETF during the second quarter valued at approximately $326,000. Susquehanna International Group LLP purchased a new position in Global X Disruptive Materials ETF during the third quarter valued at approximately $368,000. Finally, Truist Financial Corp acquired a new position in Global X Disruptive Materials ETF in the 3rd quarter valued at approximately $311,000. 5.34% of the stock is owned by hedge funds and other institutional investors.

Global X Disruptive Materials ETF Trading Down 2.5%

DMAT stock traded down $0.79 during mid-day trading on Friday, reaching $31.38. 47,024 shares of the stock traded hands, compared to its average volume of 53,148. Global X Disruptive Materials ETF has a 52-week low of $12.05 and a 52-week high of $32.72. The stock’s fifty day moving average is $26.85 and its 200-day moving average is $23.17. The company has a market cap of $28.56 million, a P/E ratio of -4,575.01 and a beta of 0.94.

Global X Disruptive Materials ETF Announces Dividend

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

Global X Disruptive Materials ETF Company Profile

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.