Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Rises By 255.4%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,619 shares, a growth of 255.4% from the December 31st total of 2,988 shares. Based on an average trading volume of 10,635 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 10,635 shares, the short-interest ratio is currently 1.0 days.

Global X Millennial Consumer ETF Price Performance

Shares of NASDAQ MILN traded down $0.62 during trading on Friday, hitting $45.76. 16,791 shares of the company were exchanged, compared to its average volume of 13,145. Global X Millennial Consumer ETF has a 1 year low of $36.87 and a 1 year high of $50.86. The company has a market cap of $110.29 million, a price-to-earnings ratio of 27.54 and a beta of 1.25. The firm’s fifty day moving average price is $47.07 and its 200 day moving average price is $48.15.

Global X Millennial Consumer ETF Announces Dividend

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

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Institutional investors have recently modified their holdings of the company. Archford Capital Strategies LLC boosted its stake in shares of Global X Millennial Consumer ETF by 3.4% during the fourth quarter. Archford Capital Strategies LLC now owns 11,336 shares of the company’s stock valued at $532,000 after acquiring an additional 373 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Global X Millennial Consumer ETF by 22.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock valued at $115,000 after purchasing an additional 430 shares in the last quarter. NewEdge Advisors LLC boosted its stake 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 worth $53,000 after purchasing an additional 471 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Global X Millennial Consumer ETF by 15.6% during the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock worth $257,000 after buying an additional 700 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Global X Millennial Consumer ETF by 5.5% in the second quarter. Cetera Investment Advisers now owns 30,162 shares of the company’s stock valued at $1,472,000 after buying an additional 1,562 shares during the last quarter.

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.