Global X MSCI Norway ETF (NYSEARCA:NORW) Short Interest Down 71.4% in June

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 114,685 shares, a decline of 71.4% from the June 15th total of 400,753 shares. Based on an average trading volume of 58,043 shares, the days-to-cover ratio is presently 2.0 days. Currently, 4.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X MSCI Norway ETF

Several institutional investors and hedge funds have recently made changes to their positions in NORW. Jane Street Group LLC acquired a new stake in shares of Global X MSCI Norway ETF during the second quarter worth approximately $4,388,000. Bank of America Corp DE raised its holdings 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 valued at $817,000 after acquiring an additional 16,217 shares in the last quarter. UBS Group AG boosted its stake in 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 valued at $773,000 after acquiring an additional 9,438 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Global X MSCI Norway ETF during the 3rd quarter valued at $360,000. Finally, Lunt Capital Management Inc. boosted its stake in Global X MSCI Norway ETF by 4.5% during the 4th quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after acquiring an additional 345 shares during the last quarter.

Global X MSCI Norway ETF Price Performance

NORW traded up $0.53 on Tuesday, reaching $33.49. The company’s stock had a trading volume of 32,078 shares, compared to its average volume of 115,431. Global X MSCI Norway ETF has a 1 year low of $27.84 and a 1 year high of $39.39. The business’s 50 day moving average is $36.37 and its 200 day moving average is $35.29. The stock has a market cap of $88.08 million, a price-to-earnings ratio of 12.35 and a beta of 0.70.

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.