iShares MSCI Norway ETF (BATS:ENOR) Shares Shorted: Short Interest Down 60.4% in September

iShares MSCI Norway ETF (BATS:ENOR) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 73,857 shares, a decline of 60.4% from the September 15th total of 186,283 shares. Based on an average trading volume of 53,747 shares, the short-interest ratio is presently 1.4 days. Currently, 4.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Norway ETF during the first quarter valued at $32,000. Compass Financial Management LLC purchased a new position in iShares MSCI Norway ETF in the second quarter valued at $43,000. Farther Finance Advisors LLC purchased a new position in iShares MSCI Norway ETF in the third quarter valued at $55,000. Royal Bank of Canada raised its position in shares of iShares MSCI Norway ETF by 79.8% in the first quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock worth $133,000 after acquiring an additional 1,600 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of iShares MSCI Norway ETF in the first quarter worth about $124,000.

iShares MSCI Norway ETF Price Performance

ENOR stock opened at $35.99 on Wednesday. The firm’s fifty day simple moving average is $36.13 and its 200-day simple moving average is $35.60. The company has a market capitalization of $57.58 million, a P/E ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a 12 month low of $26.70 and a 12 month high of $38.15.

About iShares MSCI Norway ETF

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.