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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large 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 volume of 105,700 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the second quarter worth about $793,000. Rhumbline Advisers increased its stake in shares of iShares MSCI Turkey ETF by 4.8% in the second quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock worth $274,000 after acquiring an additional 300 shares during the period. Gallacher Capital Management LLC raised its holdings in shares of iShares MSCI Turkey ETF by 7.3% during the second quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock worth $1,350,000 after purchasing an additional 2,192 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in iShares MSCI Turkey ETF during the second quarter valued at $541,000. Finally, Waycross Investment Management Co boosted its holdings in iShares MSCI Turkey ETF by 1.1% in the third quarter. Waycross Investment Management Co now owns 28,742 shares of the exchange traded fund’s stock valued at $1,046,000 after purchasing an additional 319 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Turkey ETF Stock Down 0.7 %

Shares of TUR traded down $0.25 during mid-day trading on Friday, hitting $35.22. 30,162 shares of the company traded hands, compared to its average volume of 116,012. The company has a market capitalization of $179.62 million, a PE ratio of 5.50 and a beta of 0.68. The business has a 50 day moving average of $34.87 and a 200 day moving average of $38.88. iShares MSCI Turkey ETF has a 1-year low of $31.55 and a 1-year high of $44.41.

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.