Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Rises By 28.1%

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 5,958 shares, a growth of 28.1% from the March 31st total of 4,650 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 19,744 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several institutional investors and hedge funds have recently bought and sold shares of MILN. Moran Wealth Management LLC increased its stake in Global X Millennial Consumer ETF by 0.7% during the first quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock worth $1,499,000 after acquiring an additional 266 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of 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. Commonwealth Equity Services LLC increased its position in shares of Global X Millennial Consumer ETF by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock worth $1,095,000 after purchasing an additional 357 shares during the last quarter. Northbridge Financial Group LLC acquired a new stake in shares of Global X Millennial Consumer ETF during the 4th quarter worth about $346,000. Finally, Northwestern Mutual Wealth Management Co. raised 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 valued at $9,309,000 after buying an additional 198,179 shares during the period.

Global X Millennial Consumer ETF Stock Down 0.3%

Shares of MILN traded down $0.14 during midday trading on Wednesday, reaching $43.82. The company had a trading volume of 3,540 shares, compared to its average volume of 13,914. The firm has a 50 day simple moving average of $42.51 and a 200-day simple moving average of $45.20. The stock has a market cap of $98.16 million, a PE ratio of 27.54 and a beta of 1.24. Global X Millennial Consumer ETF has a 1-year low of $39.23 and a 1-year high of $50.86.

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.