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

Global X MSCI Norway ETF (NYSEARCA:NORW) shot up 1.5% on Monday . The stock traded as high as $25.15 and last traded at $25.09. 4,963 shares changed hands during trading, a decline of 59% from the average session volume of 12,069 shares. The stock had previously closed at $24.72.

Global X MSCI Norway ETF Stock Up 0.4 %

The company has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $25.08. The company has a market capitalization of $50.61 million, a P/E ratio of 7.12 and a beta of 0.78.

Institutional Investors Weigh In On Global X MSCI Norway ETF

Several large investors have recently added to or reduced their stakes in NORW. Bank of America Corp DE grew its stake in shares of 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 valued at $255,000 after buying an additional 10,348 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Global X MSCI Norway ETF during the third quarter valued at approximately $357,000. Jane Street Group LLC bought a new position in shares of Global X MSCI Norway ETF during the fourth quarter valued at approximately $327,000. Arlington Capital Management Inc. grew its stake in shares of Global X MSCI Norway ETF by 2.1% during the third quarter. Arlington Capital Management Inc. now owns 36,882 shares of the company’s stock valued at $951,000 after buying an additional 767 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of Global X MSCI Norway ETF during the third quarter valued at approximately $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.