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,
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.