Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 114,685 shares, a decrease of 71.4% from the June 15th total of 400,753 shares. Based on an average daily trading volume, of 58,043 shares, the short-interest ratio is presently 2.0 days. Approximately 4.4% of the shares of the company are sold short.
Global X MSCI Norway ETF Trading Down 0.8%
Shares of NORW traded down $0.25 during mid-day trading on Friday, hitting $32.77. 55,051 shares of the company’s stock were exchanged, compared to its average volume of 116,573. Global X MSCI Norway ETF has a fifty-two week low of $27.84 and a fifty-two week high of $39.39. The firm has a market capitalization of $86.19 million, a P/E ratio of 12.35 and a beta of 0.70. The business’s 50 day moving average is $36.48 and its two-hundred day moving average is $35.27.
Institutional Trading of Global X MSCI Norway ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Global X MSCI Norway ETF by 1,576.1% in the 1st quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock valued at $888,000 after purchasing an additional 21,845 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Global X MSCI Norway ETF during the first quarter worth approximately $202,000. PNC Financial Services Group Inc. acquired a new stake in shares of Global X MSCI Norway ETF during the first quarter worth $386,000. Geneos Wealth Management Inc. acquired a new stake in shares of Global X MSCI Norway ETF in the 1st quarter worth $2,148,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in Global X MSCI Norway ETF in the first quarter valued at about $80,000.
About Global X MSCI Norway ETF
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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