Short Interest in Global X Disruptive Materials ETF (NASDAQ:DMAT) Decreases By 33.3%

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 33.3% from the February 28th total of 2,100 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 0.9 days.

Global X Disruptive Materials ETF Stock Performance

Shares of DMAT traded down $0.35 during mid-day trading on Friday, reaching $15.13. The company had a trading volume of 116 shares, compared to its average volume of 2,227. The company has a market capitalization of $5.14 million, a price-to-earnings ratio of -2,205.86 and a beta of 1.05. The company’s 50 day simple moving average is $15.04 and its 200 day simple moving average is $15.27. Global X Disruptive Materials ETF has a 1-year low of $12.28 and a 1-year high of $17.82.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new stake in Global X Disruptive Materials ETF during the fourth quarter valued at $151,000. Citadel Advisors LLC acquired a new position in Global X Disruptive Materials ETF in the fourth quarter valued at approximately $175,000. Envestnet Asset Management Inc. acquired a new position in shares of Global X Disruptive Materials ETF during the fourth quarter valued at about $150,000. Finally, Jane Street Group LLC boosted its holdings 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 acquiring an additional 16,746 shares in the last quarter. Institutional investors own 5.34% of the company’s stock.

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.