Global X MSCI Norway ETF (NYSEARCA:NORW) Sees Significant Growth in Short Interest

Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 114,412 shares, an increase of 191.8% from the October 15th total of 39,204 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average trading volume of 19,848 shares, the days-to-cover ratio is currently 5.8 days.

Hedge Funds Weigh In On Global X MSCI Norway ETF

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new stake in Global X MSCI Norway ETF in the first quarter valued at approximately $2,148,000. Financial & Tax Architects LLC acquired a new position in shares of Global X MSCI Norway ETF during the third quarter worth $1,143,000. Royal Bank of Canada increased its holdings in shares of Global X MSCI Norway ETF by 1,576.1% during the first quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock worth $888,000 after buying an additional 21,845 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Global X MSCI Norway ETF during the first quarter worth $386,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Global X MSCI Norway ETF during the third quarter worth $239,000.

Global X MSCI Norway ETF Stock Up 0.4%

Shares of NORW stock traded up $0.13 on Friday, reaching $36.49. The company had a trading volume of 22,199 shares, compared to its average volume of 78,900. The business’s 50-day moving average is $36.71 and its 200 day moving average is $36.25. Global X MSCI Norway ETF has a one year low of $27.84 and a one year high of $39.39. The stock has a market capitalization of $91.59 million, a PE ratio of 11.85 and a beta of 0.68.

Global X MSCI Norway ETF Company Profile

(Get Free Report)

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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