iShares MSCI Norway ETF (BATS:ENOR) Shares Shorted: Short Interest Down 72.8% in October

iShares MSCI Norway ETF (BATS:ENOR – Get Free Report) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 69,040 shares, a drop of 72.8% from the October 15th total of 253,955 shares. Based on an average daily trading volume, of 46,946 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Norway ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ENOR. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Norway ETF during the 1st quarter worth approximately $32,000. Compass Financial Management LLC bought a new stake in shares of iShares MSCI Norway ETF in the 2nd quarter worth approximately $43,000. Farther Finance Advisors LLC bought a new stake in shares of iShares MSCI Norway ETF in the 3rd quarter worth approximately $55,000. Sunbelt Securities Inc. acquired a new position in iShares MSCI Norway ETF during the 1st quarter valued at approximately $124,000. Finally, Royal Bank of Canada boosted its position in iShares MSCI Norway ETF by 79.8% during the 1st quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the period.

iShares MSCI Norway ETF Stock Down 0.7%

ENOR opened at $35.96 on Friday. The firm has a market cap of $330.83 million, a price-to-earnings ratio of 11.59 and a beta of 0.68. iShares MSCI Norway ETF has a fifty-two week low of $26.70 and a fifty-two week high of $38.15. The company’s 50-day moving average price is $36.32 and its 200 day moving average price is $35.34.

About iShares MSCI Norway ETF

(Get Free Report)

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.

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