Global X MSCI Norway ETF (NYSEARCA:NORW) Shares Down 2% – Here’s What Happened

by · The Markets Daily

Global X MSCI Norway ETF (NYSEARCA:NORW – Get Free Report)’s stock price fell 2% during trading on Friday. The company traded as low as $35.66 and last traded at $35.75. Approximately 20,453 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 80,325 shares. The stock had previously closed at $36.48.

Global X MSCI Norway ETF Stock Down 2.0%

The company has a market capitalization of $89.73 million, a PE ratio of 11.85 and a beta of 0.68. The stock’s fifty day simple moving average is $36.79 and its 200-day simple moving average is $36.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NORW. Simplex Trading LLC purchased a new position in Global X MSCI Norway ETF in the 3rd quarter valued at about $40,000. Total Clarity Wealth Management Inc. acquired a new position in Global X MSCI Norway ETF during the 3rd quarter valued at approximately $239,000. Financial & Tax Architects LLC acquired a new position in Global X MSCI Norway ETF during the 3rd quarter valued at about $1,143,000. Royal Bank of Canada grew its stake in shares of Global X MSCI Norway ETF by 1,576.1% in the first quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock worth $888,000 after purchasing an additional 21,845 shares in the last quarter. 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 Company Profile

(Get Free Report)

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.

Featured Articles