Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Declines By 85.9%

by · The Cerbat Gem

Global X Millennial Consumer ETF (NASDAQ:MILN – Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,200 shares, a decrease of 85.9% from the March 15th total of 8,500 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Global X Millennial Consumer ETF Trading Up 0.2 %

Shares of MILN traded up $0.10 during mid-day trading on Tuesday, reaching $41.27. 2,622 shares of the stock traded hands, compared to its average volume of 9,396. The company has a market cap of $108.54 million, a price-to-earnings ratio of 25.94 and a beta of 1.29. Global X Millennial Consumer ETF has a 1 year low of $35.03 and a 1 year high of $49.77. The firm has a fifty day moving average price of $44.66 and a 200 day moving average price of $44.96.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Global X Millennial Consumer ETF by 24.5% in the 3rd quarter. Jane Street Group LLC now owns 6,729 shares of the company’s stock worth $282,000 after buying an additional 1,326 shares during the last quarter. Barclays PLC boosted its stake in shares of Global X Millennial Consumer ETF by 33.3% during the 3rd quarter. Barclays PLC now owns 3,000 shares of the company’s stock valued at $126,000 after purchasing an additional 750 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Global X Millennial Consumer ETF by 182.7% during the third quarter. JPMorgan Chase & Co. now owns 803 shares of the company’s stock valued at $34,000 after buying an additional 519 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Global X Millennial Consumer ETF in the fourth quarter worth about $30,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Global X Millennial Consumer ETF in the 4th quarter valued at approximately $305,000.

Global X Millennial Consumer ETF Company Profile

(Get Free Report)

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.

Featured Stories