Short Interest in Global X MSCI Norway ETF (NYSEARCA:NORW) Rises By 169.4%

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 62,102 shares, an increase of 169.4% from the April 30th total of 23,054 shares. Based on an average daily volume of 75,637 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X MSCI Norway ETF

Several hedge funds have recently added to or reduced their stakes in NORW. Jane Street Group LLC bought a new position in shares of Global X MSCI Norway ETF during the second quarter valued at $4,388,000. Geneos Wealth Management Inc. bought a new position in Global X MSCI Norway ETF in the 1st quarter worth about $2,148,000. Royal Bank of Canada grew its position in 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 purchasing an additional 21,845 shares during the last quarter. Bank of America Corp DE grew its position in Global X MSCI Norway ETF by 138.5% during the 2nd quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock valued at $817,000 after purchasing an additional 16,217 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Global X MSCI Norway ETF during the 3rd quarter valued at about $360,000.

Global X MSCI Norway ETF Stock Up 0.5%

Shares of NORW stock traded up $0.19 during trading hours on Monday, hitting $38.25. 88,721 shares of the company’s stock traded hands, compared to its average volume of 119,485. The stock’s fifty day simple moving average is $38.04 and its two-hundred day simple moving average is $33.99. Global X MSCI Norway ETF has a 12-month low of $27.84 and a 12-month high of $39.39. The stock has a market cap of $163.71 million, a price-to-earnings ratio of 12.35 and a beta of 0.70.

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.