Global X Disruptive Materials ETF (NASDAQ:DMAT – Get Free Report)’s stock price was up 4.6% during trading on Wednesday . The stock traded as high as $29.8576 and last traded at $29.8576. Approximately 8,402 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 49,756 shares. The stock had previously closed at $28.5432.
Global X Disruptive Materials ETF Stock Up 4.6%
The company’s fifty day simple moving average is $32.36 and its two-hundred day simple moving average is $28.08. The company has a market capitalization of $40.01 million, a price-to-earnings ratio of -4,353.05 and a beta of 0.94.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of DMAT. Envestnet Asset Management Inc. boosted its position in Global X Disruptive Materials ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,663 shares of the company’s stock worth $192,000 after acquiring an additional 957 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Global X Disruptive Materials ETF by 11.1% in the second quarter. Cetera Investment Advisers now owns 12,005 shares of the company’s stock valued at $198,000 after purchasing an additional 1,199 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X Disruptive Materials ETF in the fourth quarter worth $295,000. Truist Financial Corp bought a new stake in shares of Global X Disruptive Materials ETF in the third quarter worth $311,000. Finally, Flow Traders U.S. LLC acquired a new position in Global X Disruptive Materials ETF during the second quarter worth $326,000. 5.34% of the stock is owned by institutional investors and hedge funds.
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.
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