Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Drops By 24.9%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 7,980 shares, a drop of 24.9% from the January 15th total of 10,619 shares. Based on an average daily volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days.

Global X Millennial Consumer ETF Trading Up 0.1%

Shares of NASDAQ:MILN traded up $0.03 during midday trading on Monday, reaching $42.05. 8,331 shares of the company were exchanged, compared to its average volume of 14,198. The stock has a market cap of $101.34 million, a PE ratio of 27.54 and a beta of 1.25. The business’s fifty day moving average is $46.48 and its two-hundred day moving average is $47.73. Global X Millennial Consumer ETF has a one year low of $36.87 and a one year high of $50.86.

Global X Millennial Consumer ETF Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in 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 acquiring an additional 471 shares in the last quarter. Jane Street Group LLC acquired a new stake in Global X Millennial Consumer ETF in the first quarter valued at approximately $493,000. RFG Advisory LLC purchased a new position in Global X Millennial Consumer ETF in the second quarter worth $393,000. Envestnet Asset Management Inc. increased its position in shares of Global X Millennial Consumer ETF by 6.6% during the second quarter. Envestnet Asset Management Inc. now owns 27,756 shares of the company’s stock worth $1,354,000 after purchasing an additional 1,722 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Global X Millennial Consumer ETF by 22.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock worth $115,000 after purchasing an additional 430 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.