iShares MSCI Norway ETF (BATS:ENOR) Trading Down 1.6% – What’s Next?

Shares of iShares MSCI Norway ETF (BATS:ENOR) fell 1.6% during trading on Tuesday . The stock traded as low as $27.1701 and last traded at $26.9910. 6,722 shares were traded during trading, a decline of 49% from the average session volume of 13,070 shares. The stock had previously closed at $27.4250.

iShares MSCI Norway ETF Stock Down 1.6%

The stock has a 50-day simple moving average of $28.14 and a 200 day simple moving average of $27.94. The company has a market cap of $43.19 million, a PE ratio of 12.79 and a beta of 1.00.

Institutional Trading of iShares MSCI Norway ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in iShares MSCI Norway ETF by 448.6% during the second quarter. Bank of America Corp DE now owns 56,561 shares of the company’s stock worth $1,576,000 after purchasing an additional 46,250 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares MSCI Norway ETF in the 2nd quarter valued at $1,130,000. Arrow Investment Advisors LLC purchased a new position in iShares MSCI Norway ETF during the second quarter worth about $671,000. Susquehanna International Group LLP raised its stake in shares of iShares MSCI Norway ETF by 234.7% during the 3rd quarter. Susquehanna International Group LLP now owns 30,823 shares of the company’s stock worth $880,000 after buying an additional 21,613 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in iShares MSCI Norway ETF in the third quarter valued at $578,000.

About iShares MSCI Norway ETF

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.