Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Update

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 4,233 shares, a decline of 34.9% from the May 31st total of 6,503 shares. Based on an average daily volume of 10,323 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Several hedge funds have recently bought and sold shares of MILN. NewEdge Advisors LLC grew its stake in Global X Millennial Consumer ETF by 62.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock valued at $53,000 after acquiring an additional 471 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Global X Millennial Consumer ETF by 5.4% in the first quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock worth $205,000 after purchasing an additional 257 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Global X Millennial Consumer ETF by 15.6% in the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock worth $257,000 after purchasing an additional 700 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Global X Millennial Consumer ETF during the second quarter worth approximately $290,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Global X Millennial Consumer ETF by 153.2% during the fourth 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.

Global X Millennial Consumer ETF Stock Performance

Shares of MILN remained flat at $44.89 during mid-day trading on Friday. The stock had a trading volume of 5,407 shares, compared to its average volume of 11,866. The company has a 50-day moving average price of $43.29 and a two-hundred day moving average price of $43.97. The company has a market cap of $100.55 million, a P/E ratio of 27.54 and a beta of 1.19. Global X Millennial Consumer ETF has a one year low of $39.23 and a one year high of $50.86.

Global X Millennial Consumer ETF Dividend Announcement

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

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.