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

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a decrease of 85.9% from the March 15th total of 8,500 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Global X Millennial Consumer ETF Trading Up 0.2 %

NASDAQ:MILN traded up $0.10 during mid-day trading on Tuesday, reaching $41.27. The company’s stock had a trading volume of 2,622 shares, compared to its average volume of 9,396. Global X Millennial Consumer ETF has a 12-month low of $35.03 and a 12-month high of $49.77. The firm’s fifty day moving average price is $44.66 and its two-hundred day moving average price is $44.96. The stock has a market cap of $108.54 million, a P/E ratio of 25.94 and a beta of 1.29.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

A number of hedge funds have recently bought and sold shares of MILN. Wealthfront Advisers LLC bought a new stake in Global X Millennial Consumer ETF during the fourth quarter valued at about $9,753,000. Raymond James Financial Inc. purchased a new position in shares of Global X Millennial Consumer ETF in the fourth quarter worth $305,000. LPL Financial LLC raised its stake in shares of Global X Millennial Consumer ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock worth $3,251,000 after purchasing an additional 3,735 shares during 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 valued at $282,000 after purchasing an additional 1,326 shares during the period. Finally, Barclays PLC raised its position in Global X Millennial Consumer ETF by 33.3% during the third quarter. Barclays PLC now owns 3,000 shares of the company’s stock worth $126,000 after acquiring an additional 750 shares during the period.

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.