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

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 60,743 shares, a decline of 41.1% from the August 31st total of 103,089 shares. Based on an average daily trading volume, of 25,406 shares, the short-interest ratio is presently 2.4 days. Currently, 2.4% of the company’s stock are sold short.

Global X MSCI Norway ETF Trading Down 0.5%

NORW stock traded down $0.18 during trading on Thursday, reaching $35.18. 79,411 shares of the stock were exchanged, compared to its average volume of 89,054. Global X MSCI Norway ETF has a twelve month low of $27.84 and a twelve month high of $39.39. The firm’s 50 day moving average is $36.43 and its 200 day moving average is $36.54. The firm has a market cap of $90.76 million, a P/E ratio of 12.35 and a beta of 0.70.

Hedge Funds Weigh In On Global X MSCI Norway ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Ball & Co Wealth Management Inc. purchased a new stake in shares of Global X MSCI Norway ETF in the first quarter worth approximately $80,000. Cetera Investment Advisers bought a new stake in Global X MSCI Norway ETF in the 1st quarter worth about $202,000. Total Clarity Wealth Management Inc. bought a new stake in Global X MSCI Norway ETF in the 1st quarter worth about $222,000. Griffin Asset Management Inc. purchased a new stake in Global X MSCI Norway ETF in the 1st quarter valued at about $334,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Global X MSCI Norway ETF in the 1st quarter valued at about $386,000.

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.