Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 117,546 shares, a growth of 103.6% from the July 30th total of 57,747 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 44,871 shares, the days-to-cover ratio is currently 2.6 days.
Global X MSCI Norway ETF Stock Performance
NORW stock opened at $37.09 on Friday. Global X MSCI Norway ETF has a one year low of $27.84 and a one year high of $39.39. The firm has a market cap of $92.73 million, a price-to-earnings ratio of 12.35 and a beta of 0.69. The firm has a 50-day simple moving average of $34.69 and a two-hundred day simple moving average of $36.24.
Institutional Investors Weigh In On Global X MSCI Norway ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Global X MSCI Norway ETF by 1,576.1% in the first quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock worth $888,000 after purchasing an additional 21,845 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Global X MSCI Norway ETF during the first quarter worth $202,000. PNC Financial Services Group Inc. purchased a new stake in shares of Global X MSCI Norway ETF during the 1st quarter valued at $386,000. Geneos Wealth Management Inc. purchased a new stake in shares of Global X MSCI Norway ETF during the 1st quarter valued at $2,148,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Global X MSCI Norway ETF during 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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