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Moran Wealth Management LLC increased its position in shares of Global X Millennial Consumer ETF (NASDAQ: MILN) by 63.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,603 shares of the company's stock after buying an additional 14,186 shares during the
Global X Millennial Consumer ETF (NASDAQ: MILN - Get Free Report) 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,
Cetera Investment Advisers raised its position in Global X Millennial Consumer ETF (NASDAQ: MILN) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,162 shares of the company's stock after purchasing an additional 1,562 shares during the
Millennials have been assigned a lot of blame, from spurring the downfall of paper napkins and bars of soap to turning their backs on mothballs and canned tuna fish. As a millennial myself, I shoulder some of that blame.
When the Halloween decorations go away, holiday shopping begins. Each year consumers continue to surprise us with enthusiastic spending despite inflationary pressure.
Global X Millennials Consumer ETF targets U.S.-listed companies catering to millennials, focusing on key spending categories. MILN is heavily weighted in consumer discretionary and has a good aggregate cash flow growth rate. MILN looks sounder than some thematic ETFs, but its average performance and high volatility make it uncompelling.
Americans are expected to shell out $25.8 billion on Valentine's Day this year, an average of $185.81 per person. Investors seeking to capitalize on the splurge should invest in consumer discretionary and retail ETFs.
With 44 million borrowers collectively owing about $1.7 trillion in student debt, the resumption of repayment is set to curb discretionary spending by debt-burdened consumers. With Retail ETFs set to take a beating, look into other ETF areas that might be affected.