iShares MSCI Norway ETF (BATS:ENOR) Sees Significant Growth in Short Interest

iShares MSCI Norway ETF (BATS:ENOR) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 186,283 shares, an increase of 116.9% from the August 31st total of 85,901 shares. Based on an average daily volume of 275,795 shares, the days-to-cover ratio is currently 0.7 days. Currently, 11.6% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI Norway ETF

Several large investors have recently bought and sold shares of ENOR. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Norway ETF during the first quarter worth about $32,000. Compass Financial Management LLC acquired a new stake in shares of iShares MSCI Norway ETF in the 2nd quarter valued at about $43,000. Sunbelt Securities Inc. acquired a new stake in shares of iShares MSCI Norway ETF in the 1st quarter valued at about $124,000. Finally, Royal Bank of Canada boosted its position in shares of iShares MSCI Norway ETF by 79.8% in the 1st quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the period.

iShares MSCI Norway ETF Trading Down 1.6%

Shares of BATS:ENOR opened at $35.38 on Wednesday. The firm has a 50 day simple moving average of $35.94 and a 200-day simple moving average of $35.60. iShares MSCI Norway ETF has a twelve month low of $26.70 and a twelve month high of $38.15. The company has a market capitalization of $56.61 million, a PE ratio of 12.79 and a beta of 1.00.

iShares MSCI Norway ETF Company Profile

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.