Traders Purchase Large Volume of Call Options on iShares MSCI Turkey ETF (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of unusually large options trading activity on Friday. Traders bought 3,139 call options on the company. This represents an increase of 2,021% compared to the average daily volume of 148 call options.

iShares MSCI Turkey ETF Stock Down 7.9 %

TUR traded down $2.63 during midday trading on Friday, hitting $30.65. The company had a trading volume of 419,473 shares, compared to its average volume of 127,538. The company has a market capitalization of $165.52 million, a price-to-earnings ratio of 12.14 and a beta of 0.68. The stock’s 50 day moving average price is $35.75 and its 200 day moving average price is $35.66. iShares MSCI Turkey ETF has a 52 week low of $30.32 and a 52 week high of $44.41.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. KKM Financial LLC raised its position in shares of iShares MSCI Turkey ETF by 11.0% during the third quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock worth $428,000 after purchasing an additional 1,163 shares during the period. BNP Paribas Financial Markets raised its holdings in iShares MSCI Turkey ETF by 1,758.2% during the third quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock worth $456,000 after buying an additional 11,850 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in iShares MSCI Turkey ETF during the third quarter worth $627,000. Centiva Capital LP bought a new position in shares of iShares MSCI Turkey ETF in the third quarter valued at $287,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of iShares MSCI Turkey ETF during the third quarter valued at about $186,000. 44.58% of the stock is owned by institutional investors and hedge funds.

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.