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

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 114,685 shares, a drop of 71.4% from the June 15th total of 400,753 shares. Based on an average daily trading volume, of 58,043 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ball & Co Wealth Management Inc. acquired a new stake in Global X MSCI Norway ETF in the 1st quarter worth about $80,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X MSCI Norway ETF during the 4th quarter worth about $162,000. Cetera Investment Advisers acquired a new stake in shares of Global X MSCI Norway ETF in the first quarter worth approximately $202,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Global X MSCI Norway ETF in the first quarter worth approximately $222,000. Finally, Lunt Capital Management Inc. grew its holdings in Global X MSCI Norway ETF by 4.5% in the fourth quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after purchasing an additional 345 shares during the period.

Global X MSCI Norway ETF Stock Down 0.8%

Shares of Global X MSCI Norway ETF stock traded down $0.25 during trading on Friday, hitting $32.77. 55,051 shares of the company were exchanged, compared to its average volume of 116,573. Global X MSCI Norway ETF has a fifty-two week low of $27.84 and a fifty-two week high of $39.39. The firm has a 50 day moving average price of $36.48 and a 200 day moving average price of $35.27. The stock has a market capitalization of $86.19 million, a price-to-earnings ratio of 12.35 and a beta of 0.70.

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.