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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,005,520 shares, a growth of 111.0% from the April 15th total of 476,579 shares. Currently, 16.8% of the shares of the stock are short sold. Based on an average trading volume of 303,183 shares, the short-interest ratio is currently 3.3 days.

iShares MSCI Turkey ETF Trading Down 2.2%

iShares MSCI Turkey ETF stock traded down $0.92 during mid-day trading on Friday, reaching $41.27. The company had a trading volume of 399,230 shares, compared to its average volume of 373,837. iShares MSCI Turkey ETF has a fifty-two week low of $29.64 and a fifty-two week high of $43.98. The company has a market cap of $247.62 million, a P/E ratio of 10.68 and a beta of 0.37. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $38.12.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of institutional investors have recently added to or reduced their stakes in TUR. UBS Group AG increased its holdings in iShares MSCI Turkey ETF by 121.7% in the third quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock valued at $8,154,000 after purchasing an additional 130,746 shares during the period. Group One Trading LLC raised its holdings in iShares MSCI Turkey ETF by 256,404.0% during the 4th quarter. Group One Trading LLC now owns 64,126 shares of the exchange traded fund’s stock worth $2,207,000 after purchasing an additional 64,101 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of iShares MSCI Turkey ETF in the 4th quarter valued at $1,653,000. SG Americas Securities LLC bought a new stake in iShares MSCI Turkey ETF during the first quarter valued at $1,546,000. Finally, Simplex Trading LLC acquired a new stake in iShares MSCI Turkey ETF during the 4th quarter worth about $1,314,000. 44.58% of the stock is owned by institutional investors.

iShares MSCI Turkey ETF Company Profile

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. As of September 7, 2012, the Fund invests in sectors, such as financials, consumer staples, industrials, telecommunication services, materials, consumer discretionary, energy, healthcare, utilities and information technology.