Global X Millennial Consumer ETF (NASDAQ:MILN) Short Interest Up 83.2% in February

Global X Millennial Consumer ETF (NASDAQ:MILN) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 8,751 shares, a growth of 83.2% from the February 12th total of 4,777 shares. Based on an average daily trading volume, of 12,206 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 12,206 shares, the short-interest ratio is presently 0.7 days.

Global X Millennial Consumer ETF Stock Down 2.1%

MILN opened at $41.38 on Friday. Global X Millennial Consumer ETF has a 52-week low of $36.87 and a 52-week high of $50.86. The company has a 50 day moving average of $44.89 and a two-hundred day moving average of $46.98. The company has a market cap of $99.73 million, a P/E ratio of 27.54 and a beta of 1.25.

Global X Millennial Consumer ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its position in shares of Global X Millennial Consumer ETF by 153.2% in the fourth quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock worth $325,000 after buying an additional 4,195 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Global X Millennial Consumer ETF by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock valued at $1,095,000 after buying an additional 357 shares during the period. Northbridge Financial Group LLC acquired a new position in Global X Millennial Consumer ETF during the 4th quarter worth approximately $346,000. Northwestern Mutual Wealth Management Co. lifted its position in Global X Millennial Consumer ETF by 94,371.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after acquiring an additional 198,179 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in Global X Millennial Consumer ETF by 63.3% in the 4th 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.

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. MILN was launched on May 4, 2016 and is managed by Global X.