iShares MSCI Norway ETF (BATS:ENOR) Shares Down 1.6% – Here’s Why

iShares MSCI Norway ETF (BATS:ENOR) shares fell 1.6% during mid-day trading on Tuesday . The stock traded as low as $28.30 and last traded at $27.87. 4,121 shares were traded during trading, a decline of 68% from the average session volume of 13,070 shares. The stock had previously closed at $28.3280.

iShares MSCI Norway ETF Stock Performance

The firm has a market capitalization of $44.59 million, a PE ratio of 12.79 and a beta of 1.00. The firm’s 50 day moving average price is $27.84 and its 200-day moving average price is $28.03.

Hedge Funds Weigh In On iShares MSCI Norway ETF

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of iShares MSCI Norway ETF by 23.3% in the first quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock valued at $52,000 after purchasing an additional 380 shares during the period. Osaic Holdings Inc. acquired a new stake in iShares MSCI Norway ETF during the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new position in iShares MSCI Norway ETF in the 2nd quarter valued at approximately $43,000. Kovitz Investment Group Partners LLC acquired a new position in shares of iShares MSCI Norway ETF in the first quarter worth $308,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Norway ETF in the third quarter worth $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.