Short Interest in iShares MSCI Norway ETF (BATS:ENOR) Rises By 974.0%

iShares MSCI Norway ETF (BATS:ENOR) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 358,453 shares, a growth of 974.0% from the April 30th total of 33,376 shares. Based on an average daily trading volume, of 110,474 shares, the short-interest ratio is presently 3.2 days. Currently, 22.4% of the company’s shares are short sold.

iShares MSCI Norway ETF Stock Performance

BATS ENOR traded down $0.08 on Friday, hitting $37.24. 4,971 shares of the stock were exchanged, compared to its average volume of 91,759. iShares MSCI Norway ETF has a 52-week low of $26.70 and a 52-week high of $38.15. The firm has a market capitalization of $59.58 million, a P/E ratio of 12.79 and a beta of 1.00. The stock has a fifty day moving average price of $36.77 and a two-hundred day moving average price of $32.69.

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 company. Osaic Holdings Inc. purchased a new position in shares of iShares MSCI Norway ETF during the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Norway ETF in the first quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Norway ETF during the 2nd quarter worth approximately $43,000. Rhumbline Advisers lifted its stake in shares of iShares MSCI Norway ETF by 23.3% during the 1st quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock worth $52,000 after acquiring an additional 380 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in iShares MSCI Norway ETF by 902.5% during the 4th quarter. Royal Bank of Canada now owns 2,005 shares of the company’s stock valued at $58,000 after acquiring an additional 1,805 shares during the period.

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.