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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 564,412 shares, a decrease of 43.9% from the April 30th total of 1,005,520 shares. Currently, 9.4% of the company’s stock are sold short. Based on an average daily volume of 262,146 shares, the days-to-cover ratio is presently 2.2 days.

iShares MSCI Turkey ETF Stock Performance

Shares of TUR stock traded down $0.10 on Thursday, hitting $39.07. The stock had a trading volume of 94,336 shares, compared to its average volume of 386,725. iShares MSCI Turkey ETF has a 52-week low of $29.64 and a 52-week high of $43.98. The stock’s 50 day moving average is $40.68 and its 200-day moving average is $38.63. The firm has a market capitalization of $234.42 million, a price-to-earnings ratio of 10.68 and a beta of 0.37.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Hedge funds have recently bought and sold shares of the business. Stratos Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the 3rd quarter valued at approximately $419,000. Cresset Asset Management LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 3rd quarter worth approximately $838,000. Mutual Advisors LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 4th quarter worth approximately $678,000. SG Americas Securities LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 1st quarter worth approximately $1,546,000. Finally, Catalyst Capital Advisors LLC raised its stake in iShares MSCI Turkey ETF by 8.0% during the 4th quarter. Catalyst Capital Advisors LLC now owns 107,637 shares of the exchange traded fund’s stock valued at $3,705,000 after acquiring an additional 7,979 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.