Short Interest in Global X MSCI Norway ETF (NYSEARCA:NORW) Rises By 103.6%

Global X MSCI Norway ETF (NYSEARCA:NORW) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 117,546 shares, an increase of 103.6% from the July 30th total of 57,747 shares. Based on an average daily trading volume, of 44,871 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.7% of the company’s stock are short sold.

Global X MSCI Norway ETF Stock Performance

Shares of NYSEARCA NORW opened at $37.09 on Friday. The company has a market cap of $92.73 million, a PE ratio of 12.35 and a beta of 0.69. The business has a 50-day simple moving average of $34.69 and a two-hundred day simple moving average of $36.24. Global X MSCI Norway ETF has a fifty-two week low of $27.84 and a fifty-two week high of $39.39.

Hedge Funds Weigh In On Global X MSCI Norway ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Global X MSCI Norway ETF in the 2nd quarter worth approximately $4,388,000. Bank of America Corp DE raised its holdings in shares of 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 buying an additional 16,217 shares during the last quarter. UBS Group AG raised its holdings in shares of Global X MSCI Norway ETF by 58.5% in the third quarter. UBS Group AG now owns 25,582 shares of the company’s stock worth $773,000 after buying an additional 9,438 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Global X MSCI Norway ETF in the third quarter worth $360,000. Finally, LPL Financial LLC lifted its stake in shares of Global X MSCI Norway ETF by 22.8% during the fourth quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock worth $260,000 after buying an additional 1,610 shares during the period.

About Global X MSCI Norway ETF

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.