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

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 7,980 shares, a decline of 24.9% from the January 15th total of 10,619 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 15,253 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Global X Millennial Consumer ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 405,164 shares of the company’s stock valued at $20,041,000 after purchasing an additional 16,275 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 buying an additional 198,179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Global X Millennial Consumer ETF during the second quarter worth $2,061,000. Moran Wealth Management LLC raised its holdings in shares of Global X Millennial Consumer ETF by 63.3% during the fourth quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after acquiring an additional 14,186 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Global X Millennial Consumer ETF by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock worth $1,510,000 after acquiring an additional 2,775 shares during the period.

Global X Millennial Consumer ETF Stock Up 0.1%

Shares of MILN stock opened at $42.05 on Tuesday. Global X Millennial Consumer ETF has a 12-month low of $36.87 and a 12-month high of $50.86. The firm has a market capitalization of $101.34 million, a price-to-earnings ratio of 27.54 and a beta of 1.25. The firm has a fifty day moving average of $46.48 and a 200-day moving average of $47.73.

Global X Millennial Consumer ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.0993 dividend. This represents a yield of 42.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.