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

iShares MSCI Norway ETF (BATS:ENOR – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 69,040 shares, a drop of 72.8% from the October 15th total of 253,955 shares. Based on an average daily trading volume, of 46,946 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company’s shares are sold short.

iShares MSCI Norway ETF Trading Up 0.1%

ENOR stock traded up $0.02 during midday trading on Friday, hitting $35.98. The company had a trading volume of 28,095 shares, compared to its average volume of 105,973. The stock’s 50 day moving average price is $36.30 and its 200 day moving average price is $35.37. iShares MSCI Norway ETF has a 52 week low of $26.70 and a 52 week high of $38.15. The stock has a market cap of $331.02 million, a price-to-earnings ratio of 11.59 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI Norway ETF

A number of institutional investors have recently made changes to their positions in the company. Fig Financial Advisory Services Inc. ADV bought a new stake in shares of iShares MSCI Norway ETF during the 3rd quarter valued at about $2,558,000. BFI Infinity Ltd. purchased a new position in iShares MSCI Norway ETF during the third quarter valued at $597,000. HighTower Advisors LLC purchased a new position in shares of iShares MSCI Norway ETF during the third quarter valued at about $252,000. Royal Bank of Canada increased its stake in 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 worth $133,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in iShares MSCI Norway ETF in the first quarter worth $124,000.

About iShares MSCI Norway ETF

(Get Free Report)

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.

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