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

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 371,000 shares, a growth of 31.1% from the August 31st total of 282,900 shares. Based on an average trading volume of 96,500 shares, the short-interest ratio is currently 3.8 days.

iShares MSCI Turkey ETF Stock Performance

NASDAQ:TUR opened at $36.78 on Friday. The stock has a market cap of $211.49 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a one year low of $31.55 and a one year high of $44.41. The business’s 50-day simple moving average is $38.35 and its 200 day simple moving average is $39.59.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TUR. BNP Paribas Financial Markets boosted its stake in shares of iShares MSCI Turkey ETF by 64.6% during the 4th quarter. BNP Paribas Financial Markets now owns 15,456 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 6,066 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in iShares MSCI Turkey ETF by 7.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock valued at $1,350,000 after acquiring an additional 2,192 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in iShares MSCI Turkey ETF during the 2nd quarter worth $541,000. V Square Quantitative Management LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter worth about $31,000. Finally, Rhumbline Advisers raised its stake in shares of iShares MSCI Turkey ETF by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 300 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.