iShares MSCI Norway ETF (BATS:ENOR) Stock Short Interest Climbs 116.9%

iShares MSCI Norway ETF (BATS:ENOR) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 186,283 shares, an increase of 116.9% from the August 31st total of 85,901 shares. Approximately 11.6% of the company’s shares are sold short. Based on an average daily trading volume, of 275,795 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of iShares MSCI Norway ETF

Several institutional investors have recently added to or reduced their stakes in ENOR. Compass Financial Management LLC purchased a new position in shares of iShares MSCI Norway ETF during the second quarter worth $43,000. Royal Bank of Canada raised its holdings in shares of iShares MSCI Norway ETF by 79.8% in the 1st 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 period. EverSource Wealth Advisors LLC acquired a new position in iShares MSCI Norway ETF during the 1st quarter worth about $32,000. Finally, Sunbelt Securities Inc. acquired a new position in iShares MSCI Norway ETF during the 1st quarter worth about $124,000.

iShares MSCI Norway ETF Stock Down 1.6%

Shares of ENOR traded down $0.57 during trading on Tuesday, reaching $35.37. 11,191 shares of the company traded hands, compared to its average volume of 89,201. The stock has a 50-day simple moving average of $35.90 and a 200-day simple moving average of $35.60. The stock has a market cap of $56.59 million, a PE ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a twelve month low of $26.70 and a twelve month high of $38.15.

iShares MSCI Norway ETF Company Profile

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.