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

Global X Millennial Consumer ETF (NASDAQ:MILN) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a decline of 85.9% from the March 15th total of 8,500 shares. Based on an average daily 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 short sold.

Global X Millennial Consumer ETF Trading Down 1.8 %

Global X Millennial Consumer ETF stock traded down $0.73 during midday trading on Wednesday, reaching $40.58. The company’s stock had a trading volume of 2,586 shares, compared to its average volume of 9,343. The business has a 50-day moving average price of $44.51 and a 200-day moving average price of $44.94. The stock has a market cap of $106.73 million, a PE ratio of 25.94 and a beta of 1.29. Global X Millennial Consumer ETF has a 52 week low of $35.03 and a 52 week high of $49.77.

Institutional Trading of Global X Millennial Consumer ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Global X Millennial Consumer ETF by 182.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 803 shares of the company’s stock valued at $34,000 after acquiring an additional 519 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Global X Millennial Consumer ETF during the 4th quarter worth about $30,000. Barclays PLC grew its stake in shares of Global X Millennial Consumer ETF by 33.3% in the 3rd quarter. Barclays PLC now owns 3,000 shares of the company’s stock valued at $126,000 after buying an additional 750 shares during the period. Jane Street Group LLC increased its position in 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 valued at $282,000 after buying an additional 1,326 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in Global X Millennial Consumer ETF by 251.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,934 shares of the company’s stock worth $83,000 after buying an additional 1,384 shares during the period.

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.