Global X Millennials Consumer ETF (NASDAQ:MILN) Short Interest Up 116.7% in April

Global X Millennials Consumer ETF (NASDAQ:MILNGet Rating) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 2,600 shares, a growth of 116.7% from the April 15th total of 1,200 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is presently 0.1 days.

Large investors have recently added to or reduced their stakes in the stock. GeoWealth Management LLC boosted its position in Global X Millennials Consumer ETF by 915.7% during the 3rd quarter. GeoWealth Management LLC now owns 176,405 shares of the company’s stock worth $7,579,000 after acquiring an additional 159,037 shares during the period. Bank of America Corp DE boosted its position in Global X Millennials Consumer ETF by 113.7% during the 4th quarter. Bank of America Corp DE now owns 263,671 shares of the company’s stock worth $11,227,000 after acquiring an additional 140,263 shares during the period. Morgan Stanley boosted its position in Global X Millennials Consumer ETF by 62.8% during the 2nd quarter. Morgan Stanley now owns 293,249 shares of the company’s stock worth $12,694,000 after acquiring an additional 113,129 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Global X Millennials Consumer ETF in the 4th quarter worth $3,305,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Global X Millennials Consumer ETF by 18.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 259,841 shares of the company’s stock worth $11,064,000 after buying an additional 39,751 shares in the last quarter.

NASDAQ:MILN traded up $1.10 during midday trading on Friday, reaching $29.21. 24,205 shares of the company traded hands, compared to its average volume of 25,412. Global X Millennials Consumer ETF has a twelve month low of $27.39 and a twelve month high of $45.98. The company has a fifty day moving average price of $34.03 and a 200 day moving average price of $38.36.

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