Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Declines By 42.9%

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,650 shares, a drop of 42.9% from the March 15th total of 8,139 shares. Based on an average daily volume of 10,666 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds have recently modified their holdings of MILN. NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 471 shares during the period. Jane Street Group LLC acquired a new position in shares of Global X Millennial Consumer ETF during the 1st quarter valued at $493,000. Sei Investments Co. acquired a new position in shares of Global X Millennial Consumer ETF during the 2nd quarter valued at $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Global X Millennial Consumer ETF during the 2nd quarter valued at $2,061,000. Finally, Eagle Capital Management LLC acquired a new position in shares of Global X Millennial Consumer ETF during the 3rd quarter valued at $209,000.

Global X Millennial Consumer ETF Stock Performance

Shares of MILN stock traded up $0.80 during mid-day trading on Tuesday, hitting $43.74. 21,346 shares of the stock traded hands, compared to its average volume of 14,055. Global X Millennial Consumer ETF has a twelve month low of $39.23 and a twelve month high of $50.86. The firm has a market cap of $96.67 million, a price-to-earnings ratio of 27.54 and a beta of 1.24. The company’s 50-day simple moving average is $42.17 and its 200-day simple moving average is $45.52.

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.