Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Up 83.2% in February

Global X Millennial Consumer ETF (NASDAQ:MILN) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 8,751 shares, a growth of 83.2% from the February 12th total of 4,777 shares. Based on an average daily volume of 12,206 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 12,206 shares, the days-to-cover ratio is presently 0.7 days.

Global X Millennial Consumer ETF Stock Down 0.0%

NASDAQ:MILN traded down $0.01 during midday trading on Friday, reaching $41.34. The stock had a trading volume of 4,924 shares, compared to its average volume of 14,729. The firm has a fifty day simple moving average of $44.78 and a two-hundred day simple moving average of $46.90. Global X Millennial Consumer ETF has a 12-month low of $36.87 and a 12-month high of $50.86. The stock has a market cap of $99.63 million, a P/E ratio of 27.54 and a beta of 1.25.

Global X Millennial Consumer ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.0993 dividend. This represents a dividend yield of 42.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Global X Millennial Consumer ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Global X Millennial Consumer ETF by 62.6% during the first quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock worth $53,000 after acquiring an additional 471 shares during the period. Eagle Capital Management LLC acquired a new stake in Global X Millennial Consumer ETF in the third quarter valued at about $209,000. Two Sigma Investments LP boosted its holdings in Global X Millennial Consumer ETF by 15.6% in 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 in the last quarter. Sei Investments Co. purchased a new stake in Global X Millennial Consumer ETF in the 2nd quarter valued at approximately $290,000. Finally, Osaic Holdings Inc. increased its position in Global X Millennial Consumer ETF by 153.2% during the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock worth $325,000 after purchasing an additional 4,195 shares during the period.

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.