Global X Disruptive Materials ETF (NASDAQ:DMAT) Short Interest Down 77.3% in November

Global X Disruptive Materials ETF (NASDAQ:DMAT) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 500 shares, a drop of 77.3% from the November 15th total of 2,200 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 0.2 days.

Global X Disruptive Materials ETF Stock Performance

Shares of Global X Disruptive Materials ETF stock remained flat at $15.73 during midday trading on Wednesday. 727 shares of the stock were exchanged, compared to its average volume of 2,889. Global X Disruptive Materials ETF has a fifty-two week low of $12.28 and a fifty-two week high of $17.82. The firm has a 50 day moving average of $16.18 and a 200 day moving average of $15.08. The stock has a market capitalization of $5.82 million, a P/E ratio of -2,293.34 and a beta of 1.05.

Hedge Funds Weigh In On Global X Disruptive Materials ETF

A hedge fund recently raised its stake in Global X Disruptive Materials ETF stock. Jane Street Group LLC increased its stake in shares of Global X Disruptive Materials ETF (NASDAQ:DMAT) by 136.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,044 shares of the company’s stock after acquiring an additional 16,746 shares during the period. Jane Street Group LLC owned 7.85% of Global X Disruptive Materials ETF worth $463,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.