iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Update

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large growth in short interest during the month of 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 presently 5.9 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TUR. V Square Quantitative Management LLC bought a new stake in iShares MSCI Turkey ETF in the second quarter worth $31,000. Rhumbline Advisers raised its holdings in 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 purchasing an additional 300 shares in the last quarter. Centiva Capital LP bought a new stake in iShares MSCI Turkey ETF during the third quarter worth about $287,000. Smart Portfolios LLC bought a new stake in iShares MSCI Turkey ETF in the third quarter worth $331,000. Finally, KKM Financial LLC increased its stake in iShares MSCI Turkey ETF by 11.0% during the 3rd quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock valued at $428,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 0.9 %

Shares of iShares MSCI Turkey ETF stock opened at $35.14 on Friday. The stock has a market cap of $179.21 million, a PE ratio of 5.50 and a beta of 0.68. The business has a fifty day simple moving average of $34.80 and a 200 day simple moving average of $38.82. iShares MSCI Turkey ETF has a 12 month low of $31.55 and a 12 month high of $44.41.

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.