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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 502,200 shares, a growth of 72.2% from the September 30th total of 291,700 shares. Based on an average daily trading volume, of 106,200 shares, the short-interest ratio is presently 4.7 days.

iShares MSCI Turkey ETF Stock Up 1.2 %

Shares of NASDAQ:TUR traded up $0.40 during trading on Monday, hitting $33.91. The stock had a trading volume of 151,196 shares, compared to its average volume of 116,994. iShares MSCI Turkey ETF has a 12-month low of $31.55 and a 12-month high of $44.41. The stock has a market capitalization of $172.94 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. The stock has a 50-day simple moving average of $35.77 and a two-hundred day simple moving average of $39.29.

Institutional Trading of iShares MSCI Turkey ETF

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $793,000. Rhumbline Advisers lifted 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 during the period. Gallacher Capital Management LLC lifted its stake in shares of iShares MSCI Turkey ETF by 7.3% in 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 purchasing an additional 2,192 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $541,000. Finally, Waycross Investment Management Co lifted its stake 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. 44.58% of the stock is 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.