Global X MSCI Norway ETF (NYSEARCA:NORW) Short Interest Up 167.0% in June

Global X MSCI Norway ETF (NYSEARCA:NORW) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 400,753 shares, a growth of 167.0% from the May 31st total of 150,102 shares. Based on an average daily trading volume, of 165,953 shares, the short-interest ratio is presently 2.4 days. Currently, 9.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X MSCI Norway ETF

A number of institutional investors have recently modified their holdings of the company. Lunt Capital Management Inc. grew its holdings in shares of Global X MSCI Norway ETF by 4.5% during the fourth quarter. Lunt Capital Management Inc. now owns 8,050 shares of the company’s stock valued at $242,000 after buying an additional 345 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Global X MSCI Norway ETF by 2.1% in the 3rd quarter. Cresset Asset Management LLC now owns 29,630 shares of the company’s stock worth $895,000 after acquiring an additional 597 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Global X MSCI Norway ETF by 22.8% in the 4th quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock worth $260,000 after acquiring an additional 1,610 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in Global X MSCI Norway ETF in the 1st quarter valued at about $80,000. Finally, Cetera Investment Advisers bought a new position in Global X MSCI Norway ETF in the 1st quarter valued at about $202,000.

Global X MSCI Norway ETF Trading Up 0.1%

NORW stock traded up $0.02 during trading on Tuesday, reaching $31.90. 17,122 shares of the stock were exchanged, compared to its average volume of 119,380. The firm’s 50 day moving average is $37.42 and its 200 day moving average is $35.08. The firm has a market cap of $136.53 million, a P/E ratio of 12.35 and a beta of 0.68. Global X MSCI Norway ETF has a twelve month low of $27.84 and a twelve month high of $39.39.

Global X MSCI Norway ETF Company Profile

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.