Global X MSCI Norway ETF (NYSEARCA:NORW) Short Interest Update
by Jessica Moore · The Cerbat GemGlobal X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 114,685 shares, a decline of 71.4% from the June 15th total of 400,753 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average trading volume of 58,043 shares, the short-interest ratio is currently 2.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lunt Capital Management Inc. raised its holdings in shares of Global X MSCI Norway ETF by 4.5% in the 4th quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock worth $242,000 after purchasing an additional 345 shares during the period. LPL Financial LLC grew its holdings in Global X MSCI Norway ETF by 22.8% during the 4th quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock valued at $260,000 after buying an additional 1,610 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Global X MSCI Norway ETF during the 1st quarter worth approximately $80,000. Cetera Investment Advisers bought a new position in Global X MSCI Norway ETF in the 1st quarter valued at $202,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Global X MSCI Norway ETF in the 4th quarter valued at $162,000.
Global X MSCI Norway ETF Trading Up 0.6%
NYSEARCA NORW traded up $0.19 during trading hours on Monday, hitting $32.96. The company’s stock had a trading volume of 50,269 shares, compared to its average volume of 116,068. Global X MSCI Norway ETF has a 52 week low of $27.84 and a 52 week high of $39.39. The company has a market capitalization of $86.68 million, a PE ratio of 12.35 and a beta of 0.70. The company’s 50-day simple moving average is $36.48 and its two-hundred day simple moving average is $35.27.
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.