Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Decreases By 60.0%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 2,200 shares, a decrease of 60.0% from the May 15th total of 5,500 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MILN. SBI Securities Co. Ltd. acquired a new position in Global X Millennial Consumer ETF during the 4th quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new position in Global X Millennial Consumer ETF during the 4th quarter worth approximately $305,000. Wealthfront Advisers LLC acquired a new position in shares of Global X Millennial Consumer ETF in the 4th quarter valued at $9,753,000. LPL Financial LLC boosted its holdings in shares of Global X Millennial Consumer ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock valued at $3,251,000 after buying an additional 3,735 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Global X Millennial Consumer ETF by 251.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,934 shares of the company’s stock valued at $83,000 after buying an additional 1,384 shares in the last quarter.

Global X Millennial Consumer ETF Stock Down 2.0%

Shares of MILN opened at $46.30 on Monday. Global X Millennial Consumer ETF has a fifty-two week low of $35.03 and a fifty-two week high of $49.77. The firm’s 50 day moving average price is $44.49 and its 200 day moving average price is $45.39. The company has a market cap of $118.99 million, a P/E ratio of 26.80 and a beta of 1.21.

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.