Global X Millennial Consumer ETF (NASDAQ:MILN) Sees Significant Increase in Short Interest

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,081 shares, an increase of 92.7% from the November 30th total of 1,599 shares. Based on an average daily trading volume, of 5,846 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,846 shares, the short-interest ratio is presently 0.5 days.

Global X Millennial Consumer ETF Stock Performance

Shares of NASDAQ MILN traded down $0.12 during trading on Monday, reaching $47.31. The stock had a trading volume of 4,208 shares, compared to its average volume of 8,144. The stock has a market cap of $113.07 million, a PE ratio of 27.54 and a beta of 1.25. Global X Millennial Consumer ETF has a one year low of $36.87 and a one year high of $50.86. The firm’s 50 day moving average price is $46.96 and its two-hundred day moving average price is $48.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MILN. GPS Wealth Strategies Group LLC raised its stake in Global X Millennial Consumer ETF by 22.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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 worth $53,000 after purchasing an additional 471 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Global X Millennial Consumer ETF by 7.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 9,968 shares of the company’s stock worth $486,000 after purchasing an additional 687 shares during the last quarter. Two Sigma Investments LP boosted its position 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 purchasing an additional 700 shares during the period. Finally, Cetera Investment Advisers grew its stake in Global X Millennial Consumer ETF by 5.5% during the 2nd 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 during the last quarter.

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