iShares MSCI Norway ETF (BATS:ENOR – Get Free Report) was the recipient 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. Based on an average daily trading volume, of 110,474 shares, the short-interest ratio is currently 3.2 days. Approximately 22.4% of the company’s shares are short sold.
Hedge Funds Weigh In On iShares MSCI Norway ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of iShares MSCI Norway ETF by 23.3% in 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 in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Norway ETF in the 1st quarter valued at about $32,000. Osaic Holdings Inc. acquired a new position in shares of iShares MSCI Norway ETF in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Norway ETF in the 2nd quarter valued at about $43,000. Finally, Royal Bank of Canada lifted its stake in shares of iShares MSCI Norway ETF by 79.8% in the 1st quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares in the last quarter.
iShares MSCI Norway ETF Trading Down 1.6%
Shares of BATS:ENOR opened at $37.00 on Thursday. The stock’s 50-day moving average price is $36.74 and its two-hundred day moving average price is $32.62. iShares MSCI Norway ETF has a 12-month low of $26.70 and a 12-month high of $38.15. The firm has a market cap of $59.20 million, a price-to-earnings ratio of 12.79 and a beta of 1.00.
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.
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