Short Interest in iShares MSCI Norway ETF (BATS:ENOR) Expands By 974.0%

iShares MSCI Norway ETF (BATS:ENOR) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 358,453 shares, a growth of 974.0% from the April 30th total of 33,376 shares. Currently, 22.4% of the shares of the company are sold short. Based on an average daily volume of 110,474 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Norway ETF during the first quarter valued at approximately $124,000. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Norway ETF in the 1st quarter worth approximately $32,000. Royal Bank of Canada lifted its position in shares of iShares MSCI Norway ETF by 79.8% during the 1st quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares during the period. Equitable Holdings Inc. lifted its position in shares of iShares MSCI Norway ETF by 6.2% during the 4th quarter. Equitable Holdings Inc. now owns 32,605 shares of the company’s stock worth $938,000 after buying an additional 1,900 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in iShares MSCI Norway ETF in the 4th quarter valued at $124,000.

iShares MSCI Norway ETF Trading Down 1.6%

ENOR stock traded down $0.59 during midday trading on Wednesday, hitting $37.00. The stock had a trading volume of 35,433 shares, compared to its average volume of 92,937. iShares MSCI Norway ETF has a 52 week low of $26.70 and a 52 week high of $38.15. The stock has a 50-day simple moving average of $36.71 and a 200 day simple moving average of $32.55. The firm has a market capitalization of $59.20 million, a price-to-earnings ratio of 12.79 and a beta of 1.00.

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.