Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Up 113.8% in May

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,131 shares, an increase of 113.8% from the April 30th total of 4,271 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 5,566 shares, the days-to-cover ratio is presently 1.6 days.

Global X Millennial Consumer ETF Stock Performance

MILN opened at $43.49 on Monday. The business’s fifty day moving average is $42.80 and its two-hundred day moving average is $44.52. The company has a market cap of $97.42 million, a price-to-earnings ratio of 27.54 and a beta of 1.21. Global X Millennial Consumer ETF has a one year low of $39.23 and a one year high of $50.86.

Institutional Trading of Global X Millennial Consumer ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of Global X Millennial Consumer ETF by 19.0% in the first quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after acquiring an additional 86,001 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Global X Millennial Consumer ETF by 94,371.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock valued at $9,309,000 after acquiring an additional 198,179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Global X Millennial Consumer ETF in the second quarter valued at $2,061,000. Moran Wealth Management LLC lifted its position in shares of Global X Millennial Consumer ETF by 0.7% in the first 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. Finally, Envestnet Asset Management Inc. lifted 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 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.