Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 62,102 shares, a growth of 169.4% from the April 30th total of 23,054 shares. Based on an average daily trading volume, of 75,637 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.5% of the company’s stock are short sold.
Institutional Trading of Global X MSCI Norway ETF
Large investors have recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new stake in Global X MSCI Norway ETF in the first quarter valued at $80,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X MSCI Norway ETF in the fourth quarter valued at $162,000. Cetera Investment Advisers acquired a new stake in Global X MSCI Norway ETF in the first quarter valued at $202,000. Total Clarity Wealth Management Inc. acquired a new stake in Global X MSCI Norway ETF in the first quarter valued at $222,000. Finally, Lunt Capital Management Inc. lifted its stake in 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 last quarter.
Global X MSCI Norway ETF Price Performance
NORW stock traded down $0.36 during trading hours on Friday, reaching $38.06. The stock had a trading volume of 112,889 shares, compared to its average volume of 120,559. The stock has a market capitalization of $162.90 million, a PE ratio of 12.35 and a beta of 0.70. The stock has a 50-day simple moving average of $38.04 and a 200 day simple moving average of $33.96. Global X MSCI Norway ETF has a fifty-two week low of $27.84 and a fifty-two week high of $39.39.
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.
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