Global X Disruptive Materials ETF (NASDAQ:DMAT) Sees Large Decline in Short Interest

Global X Disruptive Materials ETF (NASDAQ:DMAT) saw a large decrease in short interest during the month of 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 trading volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s shares are short sold. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 52,109 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DMAT. Envestnet Asset Management Inc. increased 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 buying an additional 957 shares during the period. Cetera Investment Advisers lifted its stake in shares of 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 valued at $198,000 after acquiring an additional 1,199 shares during the period. Truist Financial Corp bought a new stake in shares of Global X Disruptive Materials ETF during the third quarter worth approximately $311,000. Susquehanna International Group LLP bought a new stake in shares of Global X Disruptive Materials ETF during the 3rd quarter valued at $368,000. Finally, Flow Traders U.S. LLC acquired a new position in Global X Disruptive Materials ETF in the second quarter valued at about $326,000. Institutional investors and hedge funds own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Stock Up 1.5%

Shares of DMAT traded up $0.50 during trading on Tuesday, reaching $34.93. The company’s stock had a trading volume of 49,941 shares, compared to its average volume of 56,608. The company has a fifty day moving average of $28.10 and a two-hundred day moving average of $24.05. Global X Disruptive Materials ETF has a twelve month low of $12.05 and a twelve month high of $35.56. The company has a market cap of $40.17 million, a price-to-earnings ratio of -5,092.58 and a beta of 0.94.

Global X Disruptive Materials ETF Dividend Announcement

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