Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Declines By 16.7%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 500 shares, a decrease of 16.7% from the August 31st total of 600 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

A number of institutional investors have recently added to or reduced their stakes in MILN. Prudential PLC bought a new stake in shares of Global X Millennial Consumer ETF during the 4th quarter valued at $780,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Global X Millennial Consumer ETF during the 1st quarter valued at about $610,000. Cetera Advisors LLC bought a new stake in Global X Millennial Consumer ETF during the first quarter worth about $297,000. CreativeOne Wealth LLC boosted its stake in 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 acquiring an additional 7,278 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Global X Millennial Consumer ETF in the second quarter worth about $26,000.

Global X Millennial Consumer ETF Stock Down 0.2 %

Shares of NASDAQ:MILN traded down $0.08 during trading on Friday, hitting $41.86. The stock had a trading volume of 9,460 shares, compared to its average volume of 10,361. The company has a market capitalization of $125.58 million, a PE ratio of 33.27 and a beta of 1.21. The firm’s fifty day moving average is $39.18 and its 200 day moving average is $38.60. Global X Millennial Consumer ETF has a 12 month low of $28.45 and a 12 month high of $42.14.

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.