Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 60,743 shares, a decline of 41.1% from the August 31st total of 103,089 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 25,406 shares, the short-interest ratio is presently 2.4 days.
Global X MSCI Norway ETF Trading Down 0.2%
Shares of NORW traded down $0.06 during midday trading on Wednesday, hitting $35.62. The stock had a trading volume of 6,093 shares, compared to its average volume of 89,064. The business has a 50-day simple moving average of $36.40 and a two-hundred day simple moving average of $36.55. 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 cap of $91.89 million, a P/E ratio of 12.35 and a beta of 0.70.
Hedge Funds Weigh In On Global X MSCI Norway ETF
A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Global X MSCI Norway ETF by 1,576.1% during the 1st quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock valued at $888,000 after buying an additional 21,845 shares during the last quarter. Cetera Investment Advisers acquired a new position in Global X MSCI Norway ETF during the 1st quarter valued at $202,000. PNC Financial Services Group Inc. bought a new stake in shares of Global X MSCI Norway ETF in the first quarter valued at about $386,000. Geneos Wealth Management Inc. bought a new stake in shares of Global X MSCI Norway ETF during the first quarter valued at approximately $2,148,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of Global X MSCI Norway ETF in the 1st quarter valued at $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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