iShares MSCI Norway ETF (BATS:ENOR) Sees Significant Growth in Short Interest

iShares MSCI Norway ETF (BATS:ENOR) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 34,491 shares, a growth of 108.6% from the June 30th total of 16,532 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 86,898 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares MSCI Norway ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in iShares MSCI Norway ETF during the 1st quarter worth approximately $124,000. EverSource Wealth Advisors LLC bought a new position in shares of iShares MSCI Norway ETF in the first quarter valued at approximately $32,000. Royal Bank of Canada boosted its position in shares of iShares MSCI Norway ETF by 79.8% during the first quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock valued at $133,000 after buying an additional 1,600 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of iShares MSCI Norway ETF by 6.2% during the fourth quarter. Equitable Holdings Inc. now owns 32,605 shares of the company’s stock valued at $938,000 after buying an additional 1,900 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in iShares MSCI Norway ETF during the fourth quarter worth $124,000.

iShares MSCI Norway ETF Price Performance

BATS:ENOR opened at $34.07 on Thursday. The firm has a 50-day moving average of $34.16 and a 200-day moving average of $34.43. The company has a market cap of $54.51 million, a PE ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a one year low of $26.70 and a one year 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.