Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Down 47.5% in February

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 2,100 shares, a decrease of 47.5% from the February 13th total of 4,000 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are sold short.

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 business. Envestnet Asset Management Inc. bought a new position in Global X Disruptive Materials ETF during the fourth quarter valued at approximately $150,000. Cetera Investment Advisers acquired a new position in Global X Disruptive Materials ETF during the fourth quarter valued at approximately $151,000. Citadel Advisors LLC bought a new position in Global X Disruptive Materials ETF in the fourth quarter worth $175,000. Finally, Jane Street Group LLC lifted its position in Global X Disruptive Materials ETF by 136.2% in the third quarter. Jane Street Group LLC now owns 29,044 shares of the company’s stock worth $463,000 after purchasing an additional 16,746 shares during the period. Institutional investors own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Stock Performance

Shares of NASDAQ DMAT traded up $0.29 during mid-day trading on Friday, reaching $15.60. The company had a trading volume of 735 shares, compared to its average volume of 1,739. The stock has a fifty day moving average of $14.82 and a two-hundred day moving average of $15.10. The company has a market capitalization of $5.30 million, a price-to-earnings ratio of -2,274.38 and a beta of 1.05. Global X Disruptive Materials ETF has a 12-month low of $12.28 and a 12-month high of $17.82.

Global X Disruptive Materials ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a dividend of $0.0949 per share. The ex-dividend date of this dividend was Monday, December 30th. Global X Disruptive Materials ETF’s payout ratio is presently -2,186.91%.

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.