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

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 19,515 shares, a growth of 251.9% from the June 30th total of 5,545 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 7,049 shares, the short-interest ratio is currently 2.8 days.

Global X Millennial Consumer ETF Stock Up 2.0%

Shares of MILN stock traded up $0.90 during mid-day trading on Tuesday, hitting $45.23. 14,373 shares of the stock were exchanged, compared to its average volume of 11,299. Global X Millennial Consumer ETF has a 52-week low of $39.23 and a 52-week high of $50.86. The company has a market cap of $100.41 million, a PE ratio of 27.54 and a beta of 1.19. The firm has a fifty day moving average of $43.55 and a 200 day moving average of $43.64.

Global X Millennial Consumer ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were given a dividend of $0.0393 per share. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X Millennial Consumer ETF

Several institutional investors have recently bought and sold shares of MILN. Moran Wealth Management LLC lifted 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 valued at $1,718,000 after buying an additional 14,186 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Global X Millennial Consumer ETF by 94,371.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after acquiring an additional 198,179 shares in the last quarter. Northbridge Financial Group LLC acquired a new position in Global X Millennial Consumer ETF during the fourth quarter worth $346,000. Archford Capital Strategies LLC raised its position in Global X Millennial Consumer ETF by 3.4% during the fourth quarter. Archford Capital Strategies LLC now owns 11,336 shares of the company’s stock worth $532,000 after acquiring an additional 373 shares during the period. Finally, Jane Street Group LLC purchased a new position in Global X Millennial Consumer ETF during the first quarter valued at $493,000.

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.