Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Expands By 255.4%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,619 shares, an increase of 255.4% from the December 31st total of 2,988 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 10,635 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 10,635 shares, the short-interest ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are short sold.

Global X Millennial Consumer ETF Stock Performance

NASDAQ MILN traded down $0.07 during trading hours on Thursday, hitting $46.38. The company had a trading volume of 7,449 shares, compared to its average volume of 12,955. The business has a 50 day moving average of $47.07 and a 200-day moving average of $48.15. Global X Millennial Consumer ETF has a 1-year low of $36.87 and a 1-year high of $50.86. The company has a market cap of $111.31 million, a PE ratio of 27.54 and a beta of 1.25.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.0993 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 42.0%.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MILN. Archford Capital Strategies LLC increased its position in shares of Global X Millennial Consumer ETF by 3.4% in the fourth quarter. Archford Capital Strategies LLC now owns 11,336 shares of the company’s stock valued at $532,000 after buying an additional 373 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Global X Millennial Consumer ETF by 22.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Global X Millennial Consumer ETF by 62.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock valued at $53,000 after buying an additional 471 shares in the last quarter. Two Sigma Investments LP grew its holdings in Global X Millennial Consumer ETF by 15.6% during the 3rd quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock valued at $257,000 after buying an additional 700 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Global X Millennial Consumer ETF by 5.5% during the second quarter. Cetera Investment Advisers now owns 30,162 shares of the company’s stock worth $1,472,000 after buying an additional 1,562 shares in the last quarter.

About Global X Millennial Consumer ETF

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. MILN was launched on May 4, 2016 and is managed by Global X.