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

Global X Millennial Consumer ETF (NASDAQ:MILN) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 19,515 shares, an increase of 251.9% from the June 30th total of 5,545 shares. Based on an average daily volume of 7,049 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.9% of the company’s shares are short sold.

Global X Millennial Consumer ETF Trading Up 1.2%

Shares of NASDAQ MILN traded up $0.52 during mid-day trading on Friday, reaching $43.34. The company had a trading volume of 4,485 shares, compared to its average volume of 11,271. The business’s 50-day moving average is $43.52 and its 200-day moving average is $43.70. The stock has a market cap of $96.21 million, a price-to-earnings ratio of 27.54 and a beta of 1.19. Global X Millennial Consumer ETF has a 52 week low of $39.23 and a 52 week high of $50.86.

Global X Millennial Consumer ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were given a $0.0393 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Millennial Consumer ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Global X Millennial Consumer ETF by 19.0% in the first quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after purchasing an additional 86,001 shares during the period. HBW Advisory Services LLC increased its holdings in Global X Millennial Consumer ETF by 5.4% during the 1st quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock worth $205,000 after purchasing an additional 257 shares during the period. Moran Wealth Management LLC increased its holdings in Global X Millennial Consumer ETF by 0.7% during the 1st quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock worth $1,499,000 after purchasing an additional 266 shares during the period. Osaic Holdings Inc. increased its holdings 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. Finally, Commonwealth Equity Services LLC raised its position in 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 valued at $1,095,000 after purchasing an additional 357 shares in the last quarter.

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.