Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Up 1.1% – Here’s Why

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) rose 1.1% during trading on Tuesday . The stock traded as high as $27.45 and last traded at $27.40. Approximately 35,546 shares changed hands during mid-day trading, an increase of 245% from the average daily volume of 10,305 shares. The stock had previously closed at $27.10.

Global X MSCI Norway ETF Price Performance

The stock has a market cap of $50.96 million, a price-to-earnings ratio of 12.08 and a beta of 0.91. The stock’s 50 day simple moving average is $25.70 and its two-hundred day simple moving average is $25.23.

Institutional Trading of Global X MSCI Norway ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 period. Jane Street Group LLC acquired a new position in shares of Global X MSCI Norway ETF in the 4th quarter worth approximately $327,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Global X MSCI Norway ETF during the 3rd quarter worth approximately $357,000.

About Global X MSCI Norway ETF

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.