iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Down 21.4% in September

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 291,700 shares, a decline of 21.4% from the September 15th total of 371,000 shares. Based on an average daily trading volume, of 96,000 shares, the short-interest ratio is presently 3.0 days.

iShares MSCI Turkey ETF Trading Down 0.5 %

NASDAQ TUR traded down $0.18 on Friday, hitting $33.66. 86,741 shares of the company were exchanged, compared to its average volume of 116,653. The company has a market cap of $171.67 million, a P/E 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 firm has a 50 day moving average of $36.74 and a two-hundred day moving average of $39.54.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $793,000. Rhumbline Advisers increased its holdings 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 in the last quarter. Gallacher Capital Management LLC raised its position 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 period. Concurrent Investment Advisors LLC bought a new position in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at about $541,000. Finally, Waycross Investment Management Co grew its position in shares of iShares MSCI Turkey ETF by 1.1% in the 3rd 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.