Short Interest in Global X MSCI Norway ETF (NYSEARCA:NORW) Drops By 50.0%

Global X MSCI Norway ETF (NYSEARCA:NORW) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,000 shares, a drop of 50.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 0.1 days.

Global X MSCI Norway ETF Stock Performance

Shares of NYSEARCA NORW opened at $30.49 on Monday. The stock has a fifty day moving average of $29.57 and a 200-day moving average of $28.48. The stock has a market cap of $57.32 million, a PE ratio of 12.35 and a beta of 0.91. Global X MSCI Norway ETF has a fifty-two week low of $22.84 and a fifty-two week high of $31.05.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Global X MSCI Norway ETF by 2,069.6% during the fourth quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock worth $255,000 after purchasing an additional 10,348 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Global X MSCI Norway ETF by 2,610.1% during the 1st quarter. GAMMA Investing LLC now owns 7,480 shares of the company’s stock valued at $203,000 after acquiring an additional 7,204 shares during the period. Trifecta Capital Advisors LLC bought a new stake in Global X MSCI Norway ETF in the first quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X MSCI Norway ETF during the first quarter valued at approximately $51,000. Finally, Columbia River Financial Group LLC bought a new position in shares of Global X MSCI Norway ETF in the first quarter worth approximately $50,000.

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.