Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Down 33.3% in March

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant decline in short interest in 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Global X Disruptive Materials ETF

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

Global X Disruptive Materials ETF Stock Performance

Shares of DMAT traded down $0.35 during mid-day trading on Friday, reaching $15.13. The stock had a trading volume of 116 shares, compared to its average volume of 2,227. The firm has a market cap of $5.14 million, a price-to-earnings ratio of -2,205.86 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. The business has a fifty day moving average of $15.04 and a 200 day moving average of $15.25.

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.