iShares MSCI Norway ETF (BATS:ENOR) Trading 11.7% Higher – Time to Buy?

iShares MSCI Norway ETF (BATS:ENOR)’s share price shot up 11.7% on Tuesday . The company traded as high as $28.3790 and last traded at $31.63. 4,121 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 13,070 shares. The stock had previously closed at $28.3280.

iShares MSCI Norway ETF Stock Up 11.7%

The firm’s 50-day moving average price is $28.66 and its 200 day moving average price is $28.29. The company has a market capitalization of $50.61 million, a P/E ratio of 12.79 and a beta of 1.00.

Institutional Trading of iShares MSCI Norway ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in shares of iShares MSCI Norway ETF in the second quarter valued at approximately $29,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI Norway ETF in the 2nd quarter valued at $43,000. Rhumbline Advisers lifted its stake in iShares MSCI Norway ETF by 23.3% during the 1st quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock valued at $52,000 after acquiring an additional 380 shares in the last quarter. BFI Infinity Ltd. lifted its stake in iShares MSCI Norway ETF by 200.0% during the 4th quarter. BFI Infinity Ltd. now owns 11,120 shares of the company’s stock valued at $320,000 after acquiring an additional 22,240 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in iShares MSCI Norway ETF during the 3rd quarter worth $578,000.

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.