Short Interest in Global X MSCI Norway ETF (NYSEARCA:NORW) Increases By 103.6%

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 117,546 shares, a growth of 103.6% from the July 30th total of 57,747 shares. Based on an average trading volume of 44,871 shares, the short-interest ratio is currently 2.6 days. Approximately 4.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X MSCI Norway ETF

A number of institutional investors have recently bought and sold shares of NORW. Jane Street Group LLC bought a new stake in Global X MSCI Norway ETF during the second quarter valued at about $4,388,000. Geneos Wealth Management Inc. bought a new position in shares of Global X MSCI Norway ETF in the first quarter worth about $2,148,000. Bank of America Corp DE raised its stake in shares of Global X MSCI Norway ETF by 138.5% in the second quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock worth $817,000 after buying an additional 16,217 shares during the period. UBS Group AG lifted its position in shares of Global X MSCI Norway ETF by 58.5% during the 3rd quarter. UBS Group AG now owns 25,582 shares of the company’s stock valued at $773,000 after buying an additional 9,438 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Global X MSCI Norway ETF by 1,576.1% during the 1st quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock valued at $888,000 after buying an additional 21,845 shares in the last quarter.

Global X MSCI Norway ETF Price Performance

Shares of Global X MSCI Norway ETF stock opened at $37.09 on Monday. The company’s fifty day simple moving average is $34.69 and its 200-day simple moving average is $36.25. The stock has a market capitalization of $92.73 million, a PE ratio of 12.35 and a beta of 0.69. Global X MSCI Norway ETF has a 1-year low of $27.84 and a 1-year high of $39.39.

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.