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

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 9,200 shares, an increase of 80.4% from the March 15th total of 5,100 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DMAT. Jane Street Group LLC lifted its position in Global X Disruptive Materials ETF by 105.6% in the 4th quarter. Jane Street Group LLC now owns 34,087 shares of the company’s stock worth $664,000 after buying an additional 642,853 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Global X Disruptive Materials ETF during the 3rd quarter worth $3,918,000. Finally, Citadel Advisors LLC acquired a new position in shares of Global X Disruptive Materials ETF during the 4th quarter worth $264,000. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Stock Performance

Shares of NASDAQ:DMAT traded down $0.31 during mid-day trading on Friday, hitting $16.02. The stock had a trading volume of 2,938 shares, compared to its average volume of 3,906. The company has a market cap of $6.73 million, a PE ratio of -2,335.62 and a beta of 1.05. Global X Disruptive Materials ETF has a 12-month low of $12.61 and a 12-month high of $20.64. The company’s 50 day moving average is $14.41 and its 200-day moving average is $14.50.

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.