Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Up 251.9% in July

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 19,515 shares, a growth of 251.9% from the June 30th total of 5,545 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 7,049 shares, the short-interest ratio is presently 2.8 days.

Global X Millennial Consumer ETF Price Performance

NASDAQ:MILN traded up $1.05 during trading hours on Monday, reaching $44.31. 13,052 shares of the stock were exchanged, compared to its average volume of 11,283. The stock has a market cap of $98.37 million, a PE ratio of 27.54 and a beta of 1.19. 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 50 day moving average of $43.55 and a 200 day moving average of $43.64.

Global X Millennial Consumer ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MILN. Bank of America Corp DE increased its stake in Global X Millennial Consumer ETF by 19.0% in the 1st quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after buying an additional 86,001 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of 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 buying an additional 257 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of Global X Millennial Consumer ETF by 0.7% in the 1st quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock valued at $1,499,000 after acquiring an additional 266 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Global X Millennial Consumer ETF by 153.2% in the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock valued at $325,000 after acquiring an additional 4,195 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Global X Millennial Consumer ETF by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock valued at $1,095,000 after acquiring 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.