Short Interest in Global X MSCI Norway ETF (NYSEARCA:NORW) Grows By 141.7%

Global X MSCI Norway ETF (NYSEARCA:NORWGet Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 150,102 shares, a growth of 141.7% from the May 14th total of 62,102 shares. Based on an average trading volume of 80,363 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the company’s shares are short sold.

Global X MSCI Norway ETF Price Performance

Shares of Global X MSCI Norway ETF stock opened at $37.19 on Friday. Global X MSCI Norway ETF has a 1 year low of $27.84 and a 1 year high of $39.39. The business has a 50-day moving average of $38.17 and a two-hundred day moving average of $34.57. The company has a market capitalization of $159.17 million, a P/E ratio of 12.35 and a beta of 0.68.

Institutional Investors Weigh In On Global X MSCI Norway ETF

Several large investors have recently modified their holdings of the business. Lunt Capital Management Inc. increased its holdings in shares of Global X MSCI Norway ETF by 4.5% in the fourth quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock worth $242,000 after acquiring an additional 345 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Global X MSCI Norway ETF by 2.1% in the third quarter. Cresset Asset Management LLC now owns 29,630 shares of the company’s stock worth $895,000 after acquiring an additional 597 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Global X MSCI Norway ETF by 22.8% in the fourth quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock worth $260,000 after acquiring an additional 1,610 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of Global X MSCI Norway ETF in the first quarter worth about $80,000. Finally, Cetera Investment Advisers bought a new stake in shares of Global X MSCI Norway ETF in the first quarter worth about $202,000.

Global X MSCI Norway ETF Company Profile

(Get Free Report)

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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