Global X Millennial Consumer ETF (NASDAQ:MILN) Sees Significant Decrease in Short Interest

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 7,980 shares, a decline of 24.9% from the January 15th total of 10,619 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of Global X Millennial Consumer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Global X Millennial Consumer ETF by 4.2% during the third quarter. Bank of America Corp DE now owns 405,164 shares of the company’s stock valued at $20,041,000 after purchasing an additional 16,275 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Global X Millennial Consumer ETF by 94,371.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock valued at $9,309,000 after buying an additional 198,179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Global X Millennial Consumer ETF during the 2nd quarter valued at $2,061,000. Moran Wealth Management LLC grew its holdings in Global X Millennial Consumer ETF by 63.3% in the 4th quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after acquiring an additional 14,186 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Global X Millennial Consumer ETF by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock valued at $1,510,000 after acquiring an additional 2,775 shares during the period.

Global X Millennial Consumer ETF Price Performance

Global X Millennial Consumer ETF stock traded up $0.03 during mid-day trading on Friday, hitting $42.05. The company’s stock had a trading volume of 8,331 shares, compared to its average volume of 14,198. The business has a 50 day moving average price of $46.57 and a 200-day moving average price of $47.77. Global X Millennial Consumer ETF has a 12 month low of $36.87 and a 12 month high of $50.86. The stock has a market cap of $101.34 million, a price-to-earnings ratio of 27.54 and a beta of 1.25.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.0993 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 42.0%.

About Global X Millennial Consumer ETF

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.