Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 117,546 shares, a growth of 103.6% from the July 30th total of 57,747 shares. Based on an average daily volume of 44,871 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.7% of the shares of the company are sold short.
Hedge Funds Weigh In On Global X MSCI Norway ETF
A number of hedge funds have recently made changes to their positions in NORW. Jane Street Group LLC acquired a new stake in shares of Global X MSCI Norway ETF in the 2nd quarter valued at $4,388,000. Geneos Wealth Management Inc. acquired a new stake in shares of Global X MSCI Norway ETF during the 1st quarter worth about $2,148,000. Royal Bank of Canada increased its position in shares of Global X MSCI Norway ETF by 1,576.1% during the 1st quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock worth $888,000 after purchasing an additional 21,845 shares in the last quarter. Bank of America Corp DE lifted its holdings in Global X MSCI Norway ETF by 138.5% during the 2nd quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock valued at $817,000 after purchasing an additional 16,217 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in Global X MSCI Norway ETF during the 3rd quarter valued at about $360,000.
Global X MSCI Norway ETF Price Performance
Shares of NYSEARCA NORW traded down $0.10 during trading hours on Friday, reaching $37.09. The stock had a trading volume of 24,996 shares, compared to its average volume of 98,308. The company has a market cap of $92.73 million, a price-to-earnings ratio of 12.35 and a beta of 0.69. Global X MSCI Norway ETF has a twelve month low of $27.84 and a twelve month high of $39.39. The business’s fifty day moving average is $34.69 and its two-hundred day moving average is $36.25.
About Global X MSCI Norway ETF
The Global X MSCI Norway ETF (NORW) is an exchange-traded fund that is based on the MSCI Norway IMI 25\u002F50 index, a market-cap-weighted index of Norwegian stocks. NORW was launched on Nov 9, 2010 and is managed by Global X.
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