Global X Disruptive Materials ETF (NASDAQ:DMAT) Sees Significant Decrease in Short Interest

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

Institutional Trading of Global X Disruptive Materials ETF

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in Global X Disruptive Materials ETF in the 4th quarter valued at $150,000. Cetera Investment Advisers purchased a new position in shares of Global X Disruptive Materials ETF in the fourth quarter worth about $151,000. Citadel Advisors LLC purchased a new position in shares of Global X Disruptive Materials ETF in the fourth quarter worth about $175,000. Finally, Jane Street Group LLC grew its stake in Global X Disruptive Materials ETF by 136.2% during the 3rd quarter. Jane Street Group LLC now owns 29,044 shares of the company’s stock valued at $463,000 after acquiring an additional 16,746 shares in the last quarter. 5.34% of the stock is currently owned by hedge funds and other institutional investors.

Global X Disruptive Materials ETF Trading Down 2.3 %

NASDAQ:DMAT traded down $0.35 during trading hours on Friday, hitting $15.13. 116 shares of the stock were exchanged, compared to its average volume of 2,227. The firm’s fifty day moving average price is $15.04 and its 200 day moving average price is $15.25. Global X Disruptive Materials ETF has a 52-week low of $12.28 and a 52-week high of $17.82. The company has a market cap of $5.14 million, a P/E ratio of -2,205.86 and a beta of 1.05.

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.