iShares MSCI Norway ETF (BATS:ENOR) Short Interest Up 77.6% in July

iShares MSCI Norway ETF (BATS:ENOR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 61,271 shares, an increase of 77.6% from the July 15th total of 34,491 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average trading volume of 24,517 shares, the days-to-cover ratio is presently 2.5 days.

iShares MSCI Norway ETF Stock Performance

Shares of BATS ENOR opened at $35.99 on Wednesday. The stock’s 50-day simple moving average is $33.65 and its 200-day simple moving average is $34.92. The firm has a market capitalization of $57.58 million, a PE ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a fifty-two week low of $26.70 and a fifty-two week high of $38.15.

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 ENOR. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Norway ETF in the 1st quarter valued at $32,000. Osaic Holdings Inc. acquired a new stake in iShares MSCI Norway ETF during the 2nd quarter worth $29,000. Compass Financial Management LLC purchased a new stake in iShares MSCI Norway ETF in the second quarter valued at $43,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI Norway ETF in the second quarter valued at $43,000. Finally, Royal Bank of Canada lifted its position in iShares MSCI Norway ETF by 902.5% in the fourth 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 last quarter.

iShares MSCI Norway ETF Company Profile

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.