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

Global X MSCI Norway ETF (NYSEARCA:NORW) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 62,102 shares, an increase of 169.4% from the April 30th total of 23,054 shares. Based on an average trading volume of 75,637 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.5% of the company’s stock are sold short.

Global X MSCI Norway ETF Price Performance

NYSEARCA:NORW traded down $0.36 during trading hours on Friday, reaching $38.06. 112,889 shares of the stock were exchanged, compared to its average volume of 120,559. Global X MSCI Norway ETF has a twelve month low of $27.84 and a twelve month high of $39.39. The firm has a 50 day moving average of $38.04 and a 200 day moving average of $33.96. The stock has a market cap of $162.90 million, a PE ratio of 12.35 and a beta of 0.70.

Hedge Funds Weigh In On Global X MSCI Norway ETF

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Global X MSCI Norway ETF during the 2nd quarter worth approximately $4,388,000. Geneos Wealth Management Inc. acquired a new position in Global X MSCI Norway ETF during the 1st quarter worth approximately $2,148,000. Cresset Asset Management LLC raised its stake in shares of Global X MSCI Norway ETF by 2.1% during the 3rd quarter. Cresset Asset Management LLC now owns 29,630 shares of the company’s stock worth $895,000 after purchasing an additional 597 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X MSCI Norway ETF by 138.5% during the 2nd quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock worth $817,000 after purchasing an additional 16,217 shares in the last quarter. Finally, UBS Group AG raised its stake 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 worth $773,000 after purchasing an additional 9,438 shares in the last quarter.

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.