Global X Millennial Consumer ETF (NASDAQ:MILN) Sees Large Growth in Short Interest

Global X Millennial Consumer ETF (NASDAQ:MILN) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 600 shares, an increase of 50.0% from the August 15th total of 400 shares. Based on an average daily trading volume, of 9,600 shares, the short-interest ratio is presently 0.1 days.

Global X Millennial Consumer ETF Trading Down 0.1 %

Shares of NASDAQ:MILN traded down $0.03 during trading on Monday, reaching $40.21. The company had a trading volume of 1,221 shares, compared to its average volume of 10,600. The company has a fifty day moving average of $38.64 and a two-hundred day moving average of $38.39. The stock has a market capitalization of $120.63 million, a P/E ratio of 33.27 and a beta of 1.21. Global X Millennial Consumer ETF has a 12 month low of $28.45 and a 12 month high of $40.38.

Global X Millennial Consumer ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0159 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MILN. Prudential PLC bought a new stake in Global X Millennial Consumer ETF in the fourth quarter valued at approximately $780,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X Millennial Consumer ETF in the 1st quarter worth $610,000. Cetera Advisors LLC purchased a new position in shares of Global X Millennial Consumer ETF in the first quarter valued at about $297,000. CreativeOne Wealth LLC boosted its holdings in shares of Global X Millennial Consumer ETF by 25.2% during the first quarter. CreativeOne Wealth LLC now owns 36,143 shares of the company’s stock worth $1,413,000 after purchasing an additional 7,278 shares during the period. Finally, Rothschild Investment LLC bought a new position in Global X Millennial Consumer ETF during the 2nd quarter valued at approximately $26,000.

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.