Global X MSCI Norway ETF (NYSEARCA:NORW) Short Interest Down 38.5% in July

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 57,747 shares, a drop of 38.5% from the July 15th total of 93,878 shares. Based on an average daily volume of 24,474 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.3% of the company’s stock are short sold.

Global X MSCI Norway ETF Stock Down 0.6%

NORW stock traded down $0.22 during midday trading on Tuesday, reaching $36.64. 16,431 shares of the company’s stock traded hands, compared to its average volume of 102,125. The firm’s fifty day moving average price is $34.58 and its 200-day moving average price is $36.00. Global X MSCI Norway ETF has a 52 week low of $27.84 and a 52 week high of $39.39. The company has a market cap of $91.60 million, a price-to-earnings ratio of 12.35 and a beta of 0.69.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its position in Global X MSCI Norway ETF by 22.8% in the 4th quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock valued at $260,000 after acquiring an additional 1,610 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Global X MSCI Norway ETF during the 1st quarter worth approximately $80,000. Cetera Investment Advisers purchased a new stake in shares of Global X MSCI Norway ETF in the first quarter worth approximately $202,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X MSCI Norway ETF in the fourth quarter worth approximately $162,000. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Global X MSCI Norway ETF in the first quarter valued at approximately $222,000.

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.