Global X Disruptive Materials ETF (NASDAQ:DMAT) Declares Dividend of $0.05

Global X Disruptive Materials ETF (NASDAQ:DMAT) announced a dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0495 per share on Wednesday, January 7th. This represents a dividend yield of 35.0%. The ex-dividend date is Tuesday, December 30th.

Global X Disruptive Materials ETF Price Performance

NASDAQ:DMAT traded up $0.57 during mid-day trading on Tuesday, reaching $28.08. The stock had a trading volume of 21,067 shares, compared to its average volume of 7,900. Global X Disruptive Materials ETF has a fifty-two week low of $12.05 and a fifty-two week high of $28.82. The business’s 50 day moving average is $25.13 and its 200 day moving average is $21.89. The stock has a market cap of $11.79 million, a P/E ratio of -4,093.89 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new position in shares of Global X Disruptive Materials ETF during the 2nd quarter worth about $326,000. Susquehanna International Group LLP acquired a new position in shares of Global X Disruptive Materials ETF during the third quarter valued at $368,000. OLD Mission Capital LLC acquired a new position in shares of Global X Disruptive Materials ETF in the 1st quarter valued at $188,000. Truist Financial Corp acquired a new position in Global X Disruptive Materials ETF during the third quarter valued at approximately $311,000. Finally, Envestnet Asset Management Inc. raised its stake in Global X Disruptive Materials ETF by 103.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,715 shares of the company’s stock worth $575,000 after buying an additional 12,052 shares during the period. 5.34% of the stock is owned by institutional investors.

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.