Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Up 1.4%

Global X MSCI Norway ETF (NYSEARCA:NORW) shot up 1.4% during mid-day trading on Monday . The stock traded as high as $25.62 and last traded at $25.53. 12,803 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 13,938 shares. The stock had previously closed at $25.19.

Global X MSCI Norway ETF Trading Up 1.4 %

The company’s 50-day simple moving average is $24.61 and its 200-day simple moving average is $24.38. The stock has a market capitalization of $53.61 million, a price-to-earnings ratio of 6.72 and a beta of 0.91.

Hedge Funds Weigh In On Global X MSCI Norway ETF

A hedge fund recently bought a new stake in Global X MSCI Norway ETF stock. Stratos Wealth Partners LTD. acquired a new position in shares of Global X MSCI Norway ETF (NYSEARCA:NORW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,237 shares of the company’s stock, valued at approximately $312,000. Stratos Wealth Partners LTD. owned 0.53% of Global X MSCI Norway ETF as of its most recent SEC filing.

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.