Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Up 1.6% – Here’s What Happened

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) were up 1.6% during trading on Monday . The stock traded as high as $39.00 and last traded at $38.99. Approximately 74,388 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 123,920 shares. The stock had previously closed at $38.37.

Global X MSCI Norway ETF Price Performance

The firm’s 50-day moving average price is $37.68 and its 200 day moving average price is $33.50. The firm has a market capitalization of $167.99 million, a price-to-earnings ratio of 12.35 and a beta of 0.70.

Hedge Funds Weigh In On Global X MSCI Norway ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF during the first quarter valued at approximately $80,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X MSCI Norway ETF during the fourth quarter valued at approximately $162,000. Cetera Investment Advisers purchased a new position in shares of Global X MSCI Norway ETF during the first quarter valued at approximately $202,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF during the first quarter valued at approximately $222,000. Finally, Lunt Capital Management Inc. lifted its stake in shares of Global X MSCI Norway ETF by 4.5% during the fourth quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after buying an additional 345 shares during the period.

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.