Short Interest in iShares MSCI Norway ETF (BATS:ENOR) Drops By 68.9%

iShares MSCI Norway ETF (BATS:ENOR) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 16,532 shares, a decline of 68.9% from the June 15th total of 53,079 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 65,420 shares, the days-to-cover ratio is presently 0.3 days.

iShares MSCI Norway ETF Stock Down 0.8%

Shares of BATS ENOR traded down $0.25 during midday trading on Friday, hitting $32.40. 26,030 shares of the company’s stock were exchanged, compared to its average volume of 91,681. The firm has a market capitalization of $51.84 million, a PE ratio of 12.79 and a beta of 1.00. iShares MSCI Norway ETF has a 12 month low of $26.70 and a 12 month high of $38.15. The company’s 50 day moving average price is $35.16 and its 200 day moving average price is $33.98.

Institutional Trading of iShares MSCI Norway ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Norway ETF by 448.6% during the 2nd quarter. Bank of America Corp DE now owns 56,561 shares of the company’s stock worth $1,576,000 after buying an additional 46,250 shares during the period. Jane Street Group LLC bought a new position in iShares MSCI Norway ETF in the 2nd quarter valued at about $1,130,000. Equitable Holdings Inc. lifted its position in iShares MSCI Norway ETF by 6.2% during the fourth quarter. Equitable Holdings Inc. now owns 32,605 shares of the company’s stock worth $938,000 after acquiring an additional 1,900 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of iShares MSCI Norway ETF by 234.7% during the third quarter. Susquehanna International Group LLP now owns 30,823 shares of the company’s stock worth $880,000 after acquiring an additional 21,613 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Norway ETF during the third 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.