Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Down 1% – Here’s Why

Global X MSCI Norway ETF (NYSEARCA:NORW)’s share price traded down 1% during mid-day trading on Monday . The company traded as low as $35.03 and last traded at $35.16. 22,129 shares were traded during trading, an increase of 16% from the average session volume of 19,024 shares. The stock had previously closed at $35.51.

Global X MSCI Norway ETF Trading Down 1.0%

The stock has a 50-day moving average of $31.84 and a two-hundred day moving average of $30.27. The firm has a market cap of $69.62 million, a price-to-earnings ratio of 12.35 and a beta of 0.89.

Institutional Trading of Global X MSCI Norway ETF

Several hedge funds and other institutional investors have recently modified their holdings of NORW. Cresset Asset Management LLC acquired a new position in Global X MSCI Norway ETF in the second quarter worth approximately $867,000. Natural Investments LLC acquired a new stake in Global X MSCI Norway ETF in the third quarter valued at approximately $1,110,000. Jane Street Group LLC bought a new stake in Global X MSCI Norway ETF in the second quarter worth approximately $4,388,000. Bank of America Corp DE grew its position in Global X MSCI Norway ETF by 138.5% in the second quarter. Bank of America Corp DE now owns 27,930 shares of the company’s stock worth $817,000 after acquiring an additional 16,217 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Global X MSCI Norway ETF by 58.5% during the 3rd quarter. UBS Group AG now owns 25,582 shares of the company’s stock worth $773,000 after purchasing an additional 9,438 shares during the last quarter.

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.