Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Up 0.7% – Here’s Why

Global X MSCI Norway ETF (NYSEARCA:NORW)’s share price shot up 0.7% during mid-day trading on Tuesday . The company traded as high as $26.13 and last traded at $25.87. 25,651 shares were traded during trading, an increase of 159% from the average session volume of 9,888 shares. The stock had previously closed at $25.68.

Global X MSCI Norway ETF Stock Performance

The firm’s fifty day simple moving average is $24.81 and its 200 day simple moving average is $25.06. The stock has a market capitalization of $48.12 million, a P/E ratio of 11.46 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NORW. Bank of America Corp DE lifted its stake in Global X MSCI Norway ETF by 2,069.6% during the fourth quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock worth $255,000 after purchasing an additional 10,348 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X MSCI Norway ETF during the 4th quarter worth $327,000. EP Wealth Advisors LLC bought a new stake in shares of Global X MSCI Norway ETF during the 3rd quarter worth $357,000. Finally, Activest Wealth Management bought a new position in Global X MSCI Norway ETF in the third quarter valued at about $2,344,000.

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.