Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Up 1.2% – Here’s Why

Global X MSCI Norway ETF (NYSEARCA:NORW) shares rose 1.2% during trading on Monday . The stock traded as high as $38.38 and last traded at $38.33. Approximately 92,946 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 117,251 shares. The stock had previously closed at $37.89.

Global X MSCI Norway ETF Stock Performance

The business’s 50-day moving average price is $35.39 and its 200 day moving average price is $31.72. The stock has a market capitalization of $157.54 million, a PE ratio of 12.35 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X MSCI Norway ETF during the 4th quarter valued at $162,000. Lunt Capital Management Inc. grew its position in shares of Global X MSCI Norway ETF by 4.5% during the 4th quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after purchasing an additional 345 shares in the last quarter. LPL Financial LLC grew its position in shares of Global X MSCI Norway ETF by 22.8% during the 4th quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock valued at $260,000 after purchasing an additional 1,610 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Global X MSCI Norway ETF during the 4th quarter valued at $266,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI Norway ETF during the 3rd quarter valued at $360,000.

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.