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

iShares MSCI Turkey ETF (NASDAQ:TUR) 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.

iShares MSCI Turkey ETF Price Performance

NASDAQ TUR traded down $0.25 during trading hours on Friday, reaching $35.22. The company’s stock had a trading volume of 30,162 shares, compared to its average volume of 116,012. The firm has a market capitalization of $179.62 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a 1-year low of $31.55 and a 1-year high of $44.41. The company’s 50-day moving average is $34.87 and its two-hundred day moving average is $38.88.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

A number of large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in iShares MSCI Turkey ETF in the 2nd quarter valued at about $31,000. Rhumbline Advisers lifted its position in shares of iShares MSCI Turkey ETF by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 300 shares during the last quarter. Centiva Capital LP acquired a new position in iShares MSCI Turkey ETF in the third quarter valued at $287,000. Smart Portfolios LLC acquired a new stake in shares of iShares MSCI Turkey ETF in the 3rd quarter valued at about $331,000. Finally, KKM Financial LLC boosted its holdings in shares of iShares MSCI Turkey ETF by 11.0% in the third quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 1,163 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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.