iShares MSCI Norway ETF (BATS:ENOR) Sees Large Drop in Short Interest

iShares MSCI Norway ETF (BATS:ENOR) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 53,079 shares, a drop of 85.9% from the May 31st total of 377,081 shares. Based on an average daily volume of 99,189 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.3% of the company’s shares are sold short.

iShares MSCI Norway ETF Trading Down 0.5%

Shares of ENOR opened at $31.75 on Friday. The business’s 50-day moving average price is $36.17 and its 200 day moving average price is $33.71. The stock has a market capitalization of $50.80 million, a P/E ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a 1-year low of $26.70 and a 1-year high of $38.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of iShares MSCI Norway ETF by 448.6% in the second quarter. Bank of America Corp DE now owns 56,561 shares of the company’s stock worth $1,576,000 after acquiring an additional 46,250 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares MSCI Norway ETF in the 2nd quarter valued at approximately $1,130,000. Equitable Holdings Inc. lifted its position in shares of iShares MSCI Norway ETF by 6.2% in the 4th quarter. Equitable Holdings Inc. now owns 32,605 shares of the company’s stock valued at $938,000 after acquiring an additional 1,900 shares in the last quarter. Susquehanna International Group LLP boosted its stake in iShares MSCI Norway ETF by 234.7% in the 3rd quarter. Susquehanna International Group LLP now owns 30,823 shares of the company’s stock worth $880,000 after purchasing an additional 21,613 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in iShares MSCI Norway ETF in the 3rd quarter worth approximately $578,000.

About iShares MSCI Norway ETF

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.