Global X Millennial Consumer ETF (NASDAQ:MILN) Sees Large Growth in Short Interest

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 5,500 shares, a growth of 1,275.0% from the April 30th total of 400 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Global X Millennial Consumer ETF Stock Down 1.0%

Shares of NASDAQ:MILN opened at $46.21 on Friday. The business has a 50 day moving average price of $43.35 and a 200 day moving average price of $45.29. Global X Millennial Consumer ETF has a twelve month low of $35.03 and a twelve month high of $49.77. The company has a market cap of $118.75 million, a price-to-earnings ratio of 26.80 and a beta of 1.21.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Global X Millennial Consumer ETF by 62.6% in 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. JPMorgan Chase & Co. raised its holdings in Global X Millennial Consumer ETF by 182.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 803 shares of the company’s stock valued at $34,000 after acquiring an additional 519 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Global X Millennial Consumer ETF in the 4th quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC raised its holdings in Global X Millennial Consumer ETF by 251.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,934 shares of the company’s stock valued at $83,000 after acquiring an additional 1,384 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Global X Millennial Consumer ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock valued at $3,251,000 after acquiring an additional 3,735 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.