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

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,200 shares, an increase of 57.1% from the October 31st total of 1,400 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Disruptive Materials ETF stock. Jane Street Group LLC lifted its position in shares of Global X Disruptive Materials ETF (NASDAQ:DMAT) by 136.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,044 shares of the company’s stock after buying an additional 16,746 shares during the quarter. Jane Street Group LLC owned approximately 7.85% of Global X Disruptive Materials ETF worth $463,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.34% of the company’s stock.

Global X Disruptive Materials ETF Price Performance

Shares of NASDAQ:DMAT traded up $0.03 during trading on Friday, reaching $15.73. 195 shares of the company were exchanged, compared to its average volume of 2,776. The firm has a market capitalization of $5.82 million, a PE ratio of -2,288.23 and a beta of 1.05. The business’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $15.18. 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 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.