Short Interest in Global X Millennial Consumer ETF (NASDAQ:MILN) Drops By 42.9%

Global X Millennial Consumer ETF (NASDAQ:MILN) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,650 shares, a decline of 42.9% from the March 15th total of 8,139 shares. Based on an average trading volume of 10,666 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Global X Millennial Consumer ETF by 62.6% in the 1st 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. Eagle Capital Management LLC purchased a new stake in Global X Millennial Consumer ETF in the 3rd quarter valued at about $209,000. Two Sigma Investments LP raised its holdings in Global X Millennial Consumer ETF by 15.6% in the 3rd quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock valued at $257,000 after buying an additional 700 shares during the period. Sei Investments Co. purchased a new stake in Global X Millennial Consumer ETF in the 2nd quarter valued at about $290,000. Finally, Osaic Holdings Inc. raised its holdings in Global X Millennial Consumer ETF by 153.2% in the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock valued at $325,000 after buying an additional 4,195 shares during the period.

Global X Millennial Consumer ETF Stock Performance

Shares of NASDAQ MILN traded up $0.79 during trading on Wednesday, hitting $44.53. 69,132 shares of the company were exchanged, compared to its average volume of 14,830. Global X Millennial Consumer ETF has a 12-month low of $39.23 and a 12-month high of $50.86. The company has a fifty day moving average price of $42.17 and a 200-day moving average price of $45.51. The firm has a market capitalization of $98.41 million, a PE ratio of 27.54 and a beta of 1.24.

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.