Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Down 40.1% in February

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 4,777 shares, a decrease of 40.1% from the January 29th total of 7,980 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 16,227 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 16,227 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Global X Millennial Consumer ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in Global X Millennial Consumer ETF by 153.2% during the fourth quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock worth $325,000 after acquiring an additional 4,195 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Global X Millennial Consumer ETF by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock valued at $1,095,000 after purchasing an additional 357 shares during the last quarter. Northbridge Financial Group LLC purchased a new position in shares of Global X Millennial Consumer ETF during the 4th quarter worth $346,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Global X Millennial Consumer ETF by 94,371.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after purchasing an additional 198,179 shares during the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of Global X Millennial Consumer ETF by 63.3% during the 4th quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after purchasing an additional 14,186 shares during the last quarter.

Global X Millennial Consumer ETF Stock Performance

Shares of NASDAQ MILN traded down $0.07 during trading on Friday, hitting $43.47. 27,264 shares of the company were exchanged, compared to its average volume of 14,502. Global X Millennial Consumer ETF has a 12-month low of $36.87 and a 12-month high of $50.86. The company has a fifty day moving average price of $45.70 and a 200-day moving average price of $47.37. The firm has a market capitalization of $104.76 million, a PE ratio of 27.54 and a beta of 1.25.

Global X Millennial Consumer ETF Announces Dividend

The company also recently announced 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%.

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.