Global X MSCI Norway ETF (NYSEARCA:NORW) Shares Up 1.5% – Here’s What Happened

Global X MSCI Norway ETF (NYSEARCA:NORW) shares rose 1.5% during mid-day trading on Monday . The stock traded as high as $25.15 and last traded at $25.09. Approximately 4,963 shares were traded during trading, a decline of 59% from the average daily volume of 12,069 shares. The stock had previously closed at $24.72.

Global X MSCI Norway ETF Trading Up 1.5 %

The stock has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $25.08. The firm has a market capitalization of $50.43 million, a PE ratio of 7.12 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NORW. Arlington Capital Management Inc. grew its position in shares of Global X MSCI Norway ETF by 2.1% in the 3rd quarter. Arlington Capital Management Inc. now owns 36,882 shares of the company’s stock worth $951,000 after buying an additional 767 shares during the last quarter. Activest Wealth Management purchased a new stake in Global X MSCI Norway ETF in the third quarter worth $2,344,000. EP Wealth Advisors LLC bought a new stake in Global X MSCI Norway ETF in the third quarter valued at $357,000. Jane Street Group LLC purchased a new position in Global X MSCI Norway ETF during the 4th quarter valued at $327,000. Finally, Bank of America Corp DE increased its position in Global X MSCI Norway ETF by 2,069.6% during the 4th quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock valued at $255,000 after purchasing an additional 10,348 shares during the period.

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.