iShares MSCI Turkey ETF (NASDAQ:TUR) Sees Large Increase in Short Interest

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 1,005,520 shares, an increase of 111.0% from the April 15th total of 476,579 shares. Approximately 16.8% of the company’s stock are short sold. Based on an average daily volume of 303,183 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently bought and sold shares of TUR. Stratos Wealth Advisors LLC acquired a new position in shares of iShares MSCI Turkey ETF in the 3rd quarter worth approximately $419,000. Cresset Asset Management LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the 3rd quarter valued at approximately $838,000. Mutual Advisors LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the 4th quarter valued at approximately $678,000. V Square Quantitative Management LLC bought a new position in iShares MSCI Turkey ETF during the fourth quarter worth $26,000. Finally, Sunbelt Securities Inc. bought a new position in iShares MSCI Turkey ETF during the fourth quarter worth $530,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 2.2%

Shares of NASDAQ TUR opened at $41.27 on Friday. iShares MSCI Turkey ETF has a fifty-two week low of $29.64 and a fifty-two week high of $43.98. The business has a 50 day moving average price of $40.64 and a two-hundred day moving average price of $38.12. The firm has a market cap of $247.62 million, a PE ratio of 10.68 and a beta of 0.37.

iShares MSCI Turkey ETF Company Profile

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. As of September 7, 2012, the Fund invests in sectors, such as financials, consumer staples, industrials, telecommunication services, materials, consumer discretionary, energy, healthcare, utilities and information technology.