Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Down 0.7% – Time to Sell?

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) fell 0.7% on Thursday . The company traded as low as $24.72 and last traded at $24.72. 5,688 shares were traded during mid-day trading, a decline of 40% from the average session volume of 9,507 shares. The stock had previously closed at $24.89.

Global X MSCI Norway ETF Stock Down 0.7 %

The business’s fifty day moving average is $25.31 and its two-hundred day moving average is $25.62. The stock has a market capitalization of $49.68 million, a PE ratio of 7.12 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in Global X MSCI Norway ETF during the third quarter worth $357,000. Activest Wealth Management purchased a new position in Global X MSCI Norway ETF during the third quarter worth $2,344,000. Finally, Arlington Capital Management Inc. boosted its stake in 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 worth $951,000 after buying an additional 767 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.