Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Increases By 92.7%
by Teresa Graham · The Cerbat GemGlobal X Millennial Consumer ETF (NASDAQ:MILN – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,081 shares, an increase of 92.7% from the November 30th total of 1,599 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,846 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 5,846 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in MILN. NewEdge Advisors LLC boosted its stake in shares of Global X Millennial Consumer ETF by 62.6% in the first quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock valued at $53,000 after buying an additional 471 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Global X Millennial Consumer ETF by 22.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares during the period. Eagle Capital Management LLC acquired a new position in Global X Millennial Consumer ETF in the 3rd quarter valued at $209,000. Two Sigma Investments LP lifted its position in shares of Global X Millennial Consumer ETF by 15.6% during the 3rd quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock valued at $257,000 after acquiring an additional 700 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Global X Millennial Consumer ETF during the 2nd quarter valued at $290,000.
Global X Millennial Consumer ETF Trading Up 0.1%
Shares of NASDAQ:MILN traded up $0.03 on Friday, hitting $47.43. The company had a trading volume of 2,328 shares, compared to its average volume of 8,160. The stock has a market cap of $113.36 million, a price-to-earnings ratio of 27.54 and a beta of 1.25. The stock has a 50 day moving average price of $46.96 and a 200 day moving average price of $48.25. Global X Millennial Consumer ETF has a 1-year low of $36.87 and a 1-year high of $50.86.
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.