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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 978,000 shares, an increase of 49.0% from the November 15th total of 656,200 shares. Based on an average daily trading volume, of 118,900 shares, the short-interest ratio is currently 8.2 days.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several institutional investors have recently modified their holdings of TUR. Sanctuary Advisors LLC bought a new position in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at approximately $793,000. Rhumbline Advisers increased its position 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 buying an additional 300 shares during the last quarter. Gallacher Capital Management LLC raised its stake in shares of iShares MSCI Turkey ETF by 7.3% in the second quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock valued at $1,350,000 after buying an additional 2,192 shares during the period. Centiva Capital LP purchased a new position in shares of iShares MSCI Turkey ETF during the 3rd quarter valued at $287,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of iShares MSCI Turkey ETF during the 2nd quarter worth $541,000. 44.58% of the stock is owned by institutional investors.

iShares MSCI Turkey ETF Trading Up 1.2 %

iShares MSCI Turkey ETF stock traded up $0.44 during trading on Friday, hitting $37.71. 203,398 shares of the company were exchanged, compared to its average volume of 120,860. The company has a market capitalization of $192.32 million, a P/E ratio of 5.50 and a beta of 0.68. The business’s 50 day moving average is $34.84 and its 200 day moving average is $38.10. iShares MSCI Turkey ETF has a 52 week low of $31.55 and a 52 week 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.