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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 816,195 shares, a decrease of 38.7% from the June 15th total of 1,331,909 shares. Based on an average daily volume of 146,799 shares, the days-to-cover ratio is presently 5.6 days. Approximately 15.5% of the shares of the stock are short sold.

iShares MSCI Turkey ETF Trading Up 0.6%

TUR stock opened at $38.98 on Friday. The firm has a 50-day moving average of $39.61 and a two-hundred day moving average of $39.76. iShares MSCI Turkey ETF has a 12 month low of $31.72 and a 12 month high of $43.98. The company has a market cap of $204.64 million, a price-to-earnings ratio of 10.68 and a beta of 0.33.

iShares MSCI Turkey ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.4792 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Turkey ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of iShares MSCI Turkey ETF by 166.0% during the 1st quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 9,118 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of iShares MSCI Turkey ETF during the first quarter worth $230,000. JPMorgan Chase & Co. acquired a new stake in shares of iShares MSCI Turkey ETF in the second quarter valued at $207,000. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Turkey ETF in the second quarter valued at $47,000. Finally, Bank of America Corp DE raised its holdings in shares of iShares MSCI Turkey ETF by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 22,032 shares of the exchange traded fund’s stock valued at $711,000 after buying an additional 1,688 shares during the period. 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. 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.