Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Up 1.1% – Should You Buy?

Global X MSCI Norway ETF (NYSEARCA:NORW)’s share price traded up 1.1% during mid-day trading on Monday . The stock traded as high as $35.77 and last traded at $35.73. Approximately 15,521 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 105,215 shares. The stock had previously closed at $35.33.

Global X MSCI Norway ETF Stock Performance

The stock’s 50-day moving average is $34.71 and its 200 day moving average is $35.85. The stock has a market capitalization of $89.32 million, a PE ratio of 12.35 and a beta of 0.69.

Hedge Funds Weigh In On Global X MSCI Norway ETF

Several hedge funds have recently made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Global X MSCI Norway ETF in the 1st quarter valued at about $80,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Global X MSCI Norway ETF during the 4th quarter worth approximately $162,000. Cetera Investment Advisers acquired a new position in Global X MSCI Norway ETF during the first quarter worth approximately $202,000. Total Clarity Wealth Management Inc. purchased a new stake in Global X MSCI Norway ETF in the first quarter valued at approximately $222,000. Finally, Lunt Capital Management Inc. boosted its holdings in shares of Global X MSCI Norway ETF by 4.5% in the fourth quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after acquiring an additional 345 shares during the period.

Global X MSCI Norway ETF Company Profile

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.