iShares MSCI Turkey ETF (NASDAQ:TUR – Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 626,000 shares, a growth of 24.7% from the October 15th total of 502,200 shares. Based on an average daily trading volume, of 105,700 shares, the short-interest ratio is currently 5.9 days.
Institutional Trading of iShares MSCI Turkey ETF
Several large investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new position in iShares MSCI Turkey ETF during the 1st quarter worth about $5,503,000. Sepio Capital LP purchased a new stake in iShares MSCI Turkey ETF in the 2nd quarter valued at $2,599,000. Bricktown Capital LLC purchased a new stake in iShares MSCI Turkey ETF during the 2nd quarter valued at approximately $1,242,000. Waycross Investment Management Co acquired a new stake in shares of iShares MSCI Turkey ETF during the second quarter worth $1,194,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter worth $793,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Turkey ETF Stock Down 0.9 %
TUR opened at $35.14 on Friday. The company has a 50-day moving average price of $34.84 and a 200 day moving average price of $38.85. iShares MSCI Turkey ETF has a twelve month low of $31.55 and a twelve month high of $44.41. The company has a market cap of $179.21 million, a PE ratio of 5.50 and a beta of 0.68.
About iShares MSCI Turkey ETF
iShares MSCI Turkey ETF (the Fund), formerly The iShares MSCI Turkey Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Turkey Investable Market Index (the Underlying Index). The Underlying Index is a free float-adjusted market capitalization index designed to measure equity market performance in Turkey.
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