Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Drops By 83.4%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 10,095 shares, a decrease of 83.4% from the December 31st total of 60,762 shares. Based on an average daily volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s stock are short sold. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days.

Global X Disruptive Materials ETF Price Performance

Shares of DMAT traded up $0.50 during mid-day trading on Tuesday, hitting $34.93. 49,941 shares of the company’s stock were exchanged, compared to its average volume of 56,608. Global X Disruptive Materials ETF has a 52 week low of $12.05 and a 52 week high of $35.56. The company has a 50-day simple moving average of $28.10 and a 200 day simple moving average of $24.05. The company has a market cap of $40.17 million, a PE ratio of -5,092.58 and a beta of 0.94.

Global X Disruptive Materials ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.0495 dividend. This represents a yield of 35.0%. The ex-dividend date of this dividend was Tuesday, December 30th. Global X Disruptive Materials ETF’s dividend payout ratio is currently -2,624.29%.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Global X Disruptive Materials ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock worth $192,000 after buying an additional 957 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 worth $198,000 after buying an additional 1,199 shares during the period. Truist Financial Corp bought a new stake in Global X Disruptive Materials ETF in the third quarter valued at approximately $311,000. Jane Street Group LLC boosted its position in 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 valued at $325,000 after acquiring an additional 11,952 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Global X Disruptive Materials ETF during the second quarter worth approximately $326,000. 5.34% of the stock is owned by institutional investors and hedge funds.

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.