iShares MSCI Norway ETF(ENOR · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

ENOR — —
Snapshot
Info

iShares MSCI Norway ETF (ENOR) ETF

Exchange
BATS
Inception
2012-01-23
Has Options
No
ETF Profile
holdings as of 2026-09-23
Holdings
66
AUM
$223.7M
Provider
iShares (BlackRock)
Inception
2012-01-23
Exchange
BATS
Data As Of
2026-09-23
Expense Ratio
—
Dividend Yield
5.09%
Distribution
Semi-Annual
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-15 2026-06-18 $1.5605 CD
2025-12-16 2025-12-19 $0.2784 CD
2025-06-16 2025-06-20 $0.5723 CD
2024-12-17 2024-12-20 $0.5431 CD
2024-06-11 2024-06-17 $0.8753 CD
2023-12-20 2023-12-27 $0.4167 CD
Asset Allocation
Top Holdings
top 50 of 66 holdings
Symbol Name Weight % Asset Class Country
EQNR EQUINOR 12.22% Equity (Foreign) NO
DNB DNB BANK 11.40% Equity (Foreign) NO
KOG KONGSBERG GRUPPEN 6.31% Equity (Foreign) NO
AKRBP AKER BP 5.08% Equity (Foreign) NO
NHY NORSK HYDRO 4.96% Equity (Foreign) NO
MOWI MOWI 4.02% Equity (Foreign) NO
TEL TELENOR 3.59% Equity (Foreign) NO
STB STOREBRAND 3.51% Equity (Foreign) NO
YAR YARA INTERNATIONAL 3.32% Equity (Foreign) NO
SUBC SUBSEA 3.29% Equity (Foreign) NO
ORK ORKLA 3.05% Equity (Foreign) NO
FRO FRONTLINE PLC 2.97% Equity (Foreign) NO
GJF GJENSIDIGE FORSIKRING 2.38% Equity (Foreign) NO
VAR VAR ENERGI 2.23% Equity (Foreign) NO
SB1NO SPAREBANK SR-NORGE 2.13% Equity (Foreign) NO
SALM SALMAR 1.74% Equity (Foreign) NO
NOD NORDIC SEMICONDUCTOR 1.53% Equity (Foreign) NO
VEND VEND MARKETPLACES ASA 1.51% Equity (Foreign) NO
AKER AKER 1.50% Equity (Foreign) NO
TGS TGS NOPEC GEOPHYSICAL 1.32% Equity (Foreign) NO
MING SPAREBANK SMNS 1.22% Equity (Foreign) NO
KMAR KONGSBERG MARITIME 1.19% Equity (Foreign) NO
BAKKA BAKKAFROST 1.04% Equity (Foreign) NO
BWLPG BW LPG LTD 1.01% Equity (Foreign) NO
PROT PROTECTOR FORSIKRING 1.00% Equity (Foreign) NO
KIT KITRON 0.95% Equity (Foreign) NO
TOM TOMRA SYSTEMS 0.93% Equity (Foreign) NO
HAUTO HOEGH AUTOLINERS 0.88% Equity (Foreign) NO
WAWI WALLENIUS WILHELMSEN 0.83% Equity (Foreign) NO
DOFG DOF GROUP 0.81% Equity (Foreign) NO
AUTO AUTOSTORE HOLDINGS LTD 0.75% Equity (Foreign) NO
NONG SPAREBANK NORD-NORGE 0.71% Equity (Foreign) NO
SCATC SCATEC SOLAR 0.65% Equity (Foreign) NO
CADLR CADELER 0.62% Equity (Foreign) NO
ATEA ATEA 0.61% Equity (Foreign) NO
EPR EUROPRIS 0.60% Equity (Foreign) NO
BNOR BLUENORD 0.59% Equity (Foreign) NO
AKSO AKER SOLUTIONS 0.57% Equity (Foreign) NO
ODL ODFJELL DRILLING 0.56% Equity (Foreign) NO
LSG LEROY SEAFOOD GROUP 0.52% Equity (Foreign) NO
MPCC MPC CONTAINER SHIPS 0.52% Equity (Foreign) NO
ELK ELKEM 0.51% Equity (Foreign) NO
SPOL SPAREBANK OSTLANDET 0.44% Equity (Foreign) NO
WWI WILH. WILHELMSEN HOLDING A 0.39% Equity (Foreign) NO
DNO DNO 0.38% Equity (Foreign) NO
SNI STOLT-NIELSEN LTD 0.33% Equity (Foreign) NO
SATS SATS 0.33% Equity (Foreign) NO
NORCO NORCONSULT 0.32% Equity (Foreign) NO
AUSS AUSTEVOLL SEAFOOD 0.31% Equity (Foreign) NO
NAS NORWEGIAN AIR SHUTTLE 0.30% Equity (Foreign) NO
Geographic Breakdown
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +1.16% 6
Feb +2.88% 6
Mar +2.89% 6
Apr -1.29% 6
May +2.14% 6
Jun -7.40% 6
Jul +4.24% 6
Aug +0.78% 6
Sep -3.04% 6
Oct +2.54% 5
Nov +1.29% 5
Dec +1.15% 5
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $36.81
SMA 50: $35.77
SMA 200: $34.23
Current: $36.02
EMA 12: $36.51
EMA 26: $36.43
MACD: 0.0838 | Signal: -0.2031
BULLISH
ADX (14): 26.05
TREND
+DI: 18.50
−DI: 26.94

Momentum Oscillators

RSI (14): 43.07
NEUTRAL
Stoch %K: 10.40
Stoch %D: 10.63
Williams %R: -89.05

Volume & Volatility

BB Upper: $37.65
BB Lower: $35.97
NEUTRAL
OBV: 4,454,418
Vol SMA 20: 164,301
Vol ROC: -27.19%
ATR: $0.42
True Range: $0.34
HV 20: 11.6%
HV 30: 12.0%
HV 60: 14.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-27T00:00:00 – 2026-09-25T00:00:00
AI Analysis

LLM Stock Analysis Report: ENOR

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Technical indicators suggest a strong uptrend, with momentum signals aligning with the bullish trend.
  • Recent news headlines have been neutral, not significantly impacting the stock price.

Primary Risks:

  • Potential for mean reversion or consolidation if the stock becomes overbought.
  • Regulatory changes or earnings misses could lead to a decline in the stock price.

Investment Thesis: ENOR is a low-volatility ETF that has recently broken out of a trading range, indicating a potential uptrend. The technical indicators and recent news sentiment support this thesis. However, mean reversion or consolidation cannot be ruled out, and investors should monitor the stock's performance closely.

Recent News Sentiment Impact: The neutral news headlines have not significantly impacted the stock price, allowing the technical signals to drive the trend.

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): Bullish
  • Medium-term (1-3 months): Bullish
  • Long-term (3-12 months): Neutral

Support/Resistance Levels:

  • SMA 20: $36.36 (support)
  • SMA 50: $34.51 (resistance)
  • SMA 200: $33.58 (resistance)

Momentum Signals:

  • RSI interpretation: Overbought (>70), but the signal is weakening, indicating a potential correction.
  • MACD signal: Bullish (crossover above signal line).
  • Bollinger Bands position: Neutral (price near the middle band).

News & Sentiment Analysis

Recent Headlines Summary: The news headlines have been neutral, focusing on market trends and ETF performances.

Sentiment Assessment: Neutral (average sentiment from the recent headlines).

Catalyst Identification: No specific catalysts have been identified recently. However, earnings releases or regulatory changes could impact the stock price in the future.

Market Narrative: The technical signals are driving the trend, with the news sentiment providing a neutral backdrop.

Risk & Volatility Assessment

Beta Interpretation: Low risk (beta <0.8), indicating that the ETF moves less than the market.

Volatility Regime: Current vs historical volatility levels: Lower volatility (stock moves less than the market).

Options Market Signals: No options data available.

Downside Protection: Support levels: SMA 20 ($36.36) and SMA 50 ($34.51).

Market Context & Positioning

Sector Performance: Neutral (relative strength vs sector/market).

Institutional Activity: Volume patterns suggest institutional interest, but no specific activity has been identified recently.

Correlation Analysis: ENOR has a low correlation (0.26) with the market, indicating that it moves less than the broader market.

Relative Valuation: Position within trading range: Neutral (price near the middle band).

Key Levels & Action Items

Critical Price Levels:

  • SMA 20 ($36.36): Support
  • SMA 50 ($34.51): Resistance
  • SMA 200 ($33.58): Resistance

Breakout/Breakdown Levels: None identified.

Time-Sensitive Catalysts: No specific catalysts have been identified recently.

Risk Management: Stop-loss levels and position sizing considerations should be based on the current volatility regime (lower) and risk appetite.

By analyzing the technical indicators, news sentiment, and market context, ENOR appears to be in a strong uptrend. However, mean reversion or consolidation cannot be ruled out, and investors should monitor the stock's performance closely. The low-volatility nature of the ETF suggests that it may be less sensitive to market fluctuations, but this also means that any potential decline could be more pronounced.

Generated
News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.36
Correlation (SPY)
24.3%
R²
0.06
Ann. Volatility
19.0%
SPY Volatility
13.0%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month