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

Global X MSCI Norway ETF (NYSEARCA:NORW) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 150,102 shares, a growth of 141.7% from the May 14th total of 62,102 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 80,363 shares, the days-to-cover ratio is currently 1.9 days.

Global X MSCI Norway ETF Price Performance

Shares of NYSEARCA NORW traded down $0.19 during mid-day trading on Friday, reaching $37.19. 114,660 shares of the company’s stock traded hands, compared to its average volume of 124,110. The stock has a market cap of $159.17 million, a P/E ratio of 12.35 and a beta of 0.68. The business has a 50-day simple moving average of $38.17 and a 200 day simple moving average of $34.57. Global X MSCI Norway ETF has a 1-year low of $27.84 and a 1-year high of $39.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NORW. Jane Street Group LLC acquired a new position in shares of Global X MSCI Norway ETF during the second quarter valued at about $4,388,000. Bank of America Corp DE grew its holdings 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 valued at $817,000 after buying an additional 16,217 shares during the last quarter. Cresset Asset Management LLC grew its holdings 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 valued at $895,000 after buying an additional 597 shares during the last quarter. UBS Group AG lifted 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 valued at $773,000 after purchasing an additional 9,438 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X MSCI Norway ETF during the third quarter valued at about $360,000.

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.