Short Interest in iShares MSCI Norway ETF (BATS:ENOR) Expands By 974.0%

iShares MSCI Norway ETF (BATS:ENOR) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 358,453 shares, an increase of 974.0% from the April 30th total of 33,376 shares. Currently, 22.4% of the company’s stock are short sold. Based on an average trading volume of 110,474 shares, the short-interest ratio is currently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in iShares MSCI Norway ETF in the 1st quarter worth $32,000. Osaic Holdings Inc. bought a new position in shares of iShares MSCI Norway ETF in the second quarter worth about $29,000. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Norway ETF during the 2nd quarter worth about $43,000. Royal Bank of Canada boosted its stake in iShares MSCI Norway ETF by 902.5% during the 4th quarter. Royal Bank of Canada now owns 2,005 shares of the company’s stock valued at $58,000 after purchasing an additional 1,805 shares during the period. Finally, Rhumbline Advisers boosted its stake in iShares MSCI Norway ETF by 23.3% during the 1st quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock valued at $52,000 after purchasing an additional 380 shares during the period.

iShares MSCI Norway ETF Price Performance

ENOR traded down $0.59 on Wednesday, hitting $37.00. The company had a trading volume of 35,433 shares, compared to its average volume of 92,937. The stock has a market cap of $59.20 million, a price-to-earnings ratio of 12.79 and a beta of 1.00. The company’s fifty day moving average price is $36.71 and its 200 day moving average price is $32.55. iShares MSCI Norway ETF has a 1-year low of $26.70 and a 1-year high of $38.15.

iShares MSCI Norway ETF Company Profile

The iShares MSCI Norway ETF (ENOR) is an exchange-traded fund that is based on the MSCI Norway IMI 25\u002F50 index, a market-cap-weighted index of Norwegian stocks. ENOR was launched on Jan 23, 2012 and is managed by BlackRock.