Global X MSCI Norway ETF (NYSEARCA:NORW) Short Interest Update

Global X MSCI Norway ETF (NYSEARCA:NORW) saw 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 75,637 shares, the days-to-cover ratio is presently 0.8 days.

Global X MSCI Norway ETF Stock Down 0.9%

NYSEARCA NORW traded down $0.36 on Friday, reaching $38.06. The stock had a trading volume of 112,889 shares, compared to its average volume of 120,559. The firm has a market capitalization of $162.90 million, a price-to-earnings ratio of 12.35 and a beta of 0.70. 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 fifty day moving average price of $38.04 and a two-hundred day moving average price of $33.99.

Institutional Trading of Global X MSCI Norway ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Global X MSCI Norway ETF in the second quarter valued at approximately $4,388,000. Geneos Wealth Management Inc. purchased a new stake in shares of Global X MSCI Norway ETF during the first quarter worth $2,148,000. Cresset Asset Management LLC increased its position in shares of Global X MSCI Norway ETF by 2.1% during the third quarter. Cresset Asset Management LLC now owns 29,630 shares of the company’s stock worth $895,000 after acquiring an additional 597 shares during the period. Bank of America Corp DE increased its position in shares of Global X MSCI Norway ETF by 138.5% during the second quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock worth $817,000 after acquiring an additional 16,217 shares during the period. Finally, UBS Group AG increased its position in shares of Global X MSCI Norway ETF by 58.5% during the third quarter. UBS Group AG now owns 25,582 shares of the company’s stock worth $773,000 after acquiring an additional 9,438 shares during the period.

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.