Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Update

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,233 shares, a decrease of 34.9% from the May 31st total of 6,503 shares. Based on an average daily trading volume, of 10,323 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Global X Millennial Consumer ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Global X Millennial Consumer ETF by 19.0% during the 1st quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after purchasing an additional 86,001 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X Millennial Consumer ETF by 94,371.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after purchasing an additional 198,179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Global X Millennial Consumer ETF during the 2nd quarter worth about $2,061,000. Moran Wealth Management LLC grew its holdings in Global X Millennial Consumer ETF by 0.7% during the first quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 266 shares during the period. Finally, Commonwealth Equity Services LLC increased its position 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 buying an additional 357 shares in the last quarter.

Global X Millennial Consumer ETF Stock Performance

Shares of MILN opened at $44.89 on Friday. The firm has a market capitalization of $100.55 million, a price-to-earnings ratio of 27.54 and a beta of 1.19. The business’s fifty day moving average price is $43.28 and its two-hundred day moving average price is $43.98. Global X Millennial Consumer ETF has a 52 week low of $39.23 and a 52 week high of $50.86.

Global X Millennial Consumer ETF Dividend Announcement

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

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.