Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 57,747 shares, a drop of 38.5% from the July 15th total of 93,878 shares. Based on an average daily trading volume, of 24,474 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.3% of the company’s shares are short sold.
Institutional Trading of Global X MSCI Norway ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in 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 during the period. Ball & Co Wealth Management Inc. bought a new position in Global X MSCI Norway ETF in the 1st quarter worth $80,000. Cetera Investment Advisers purchased a new stake in shares of Global X MSCI Norway ETF in the 1st quarter worth about $202,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X MSCI Norway ETF in the 4th quarter worth about $162,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Global X MSCI Norway ETF during the 1st quarter valued at about $222,000.
Global X MSCI Norway ETF Stock Performance
Shares of NORW stock opened at $36.85 on Thursday. The firm has a market cap of $92.12 million, a P/E ratio of 12.35 and a beta of 0.69. Global X MSCI Norway ETF has a fifty-two week low of $27.84 and a fifty-two week high of $39.39. The business’s 50 day moving average price is $34.58 and its 200-day moving average price is $36.05.
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.
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