Global X MSCI Norway ETF (NYSEARCA:NORW) Trading 0.6% Higher – Here’s Why

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) traded up 0.6% during mid-day trading on Monday . The company traded as high as $30.64 and last traded at $30.56. 9,595 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 12,884 shares. The stock had previously closed at $30.37.

Global X MSCI Norway ETF Trading Up 0.6%

The firm has a market cap of $58.68 million, a PE ratio of 12.35 and a beta of 0.89. The firm has a 50 day moving average price of $29.36 and a 200-day moving average price of $29.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC acquired a new stake in shares of Global X MSCI Norway ETF in the 2nd quarter valued at $867,000. Jane Street Group LLC purchased a new position in Global X MSCI Norway ETF in the second quarter valued at $4,388,000. Bank of America Corp DE raised its stake 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 buying an additional 16,217 shares in the last quarter. Natural Investments LLC acquired a new stake in Global X MSCI Norway ETF in the third quarter valued at $1,110,000. Finally, UBS Group AG lifted its holdings 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 worth $773,000 after buying an additional 9,438 shares during the last quarter.

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.