Global X Millennial Consumer ETF (NASDAQ:MILN) Sees Large Decrease in Short Interest

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,200 shares, a drop of 67.3% from the December 31st total of 9,800 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

A number of large investors have recently bought and sold shares of MILN. JPMorgan Chase & Co. boosted its holdings in shares of Global X Millennial Consumer ETF by 182.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 803 shares of the company’s stock valued at $34,000 after buying an additional 519 shares in the last quarter. Barclays PLC boosted its stake in Global X Millennial Consumer ETF by 33.3% in the third quarter. Barclays PLC now owns 3,000 shares of the company’s stock valued at $126,000 after acquiring an additional 750 shares in the last quarter. Jane Street Group LLC grew its holdings in Global X Millennial Consumer ETF by 24.5% in the third quarter. Jane Street Group LLC now owns 6,729 shares of the company’s stock worth $282,000 after purchasing an additional 1,326 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in Global X Millennial Consumer ETF by 4.1% in the third quarter. CreativeOne Wealth LLC now owns 30,817 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,227 shares during the last quarter.

Global X Millennial Consumer ETF Stock Up 0.7 %

NASDAQ:MILN traded up $0.34 during midday trading on Tuesday, hitting $47.42. The stock had a trading volume of 4,179 shares, compared to its average volume of 9,975. The stock has a 50-day moving average of $46.23 and a 200 day moving average of $42.62. The company has a market capitalization of $127.09 million, a price-to-earnings ratio of 33.27 and a beta of 1.21. Global X Millennial Consumer ETF has a one year low of $35.03 and a one year high of $48.02.

Global X Millennial Consumer ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a $0.0852 dividend. The ex-dividend date was Monday, December 30th.

Global X Millennial Consumer ETF Company Profile

The Global X Millennials Consumer ETF (MILN) is an exchange-traded fund that is based on the Indxx Millennials Thematic index. The fund tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials – people born between 1980 and 2000.