iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant growth in short interest during the month of March. As of March 29th, there was short interest totalling 3,436,188 shares, a growth of 218.3% from the March 15th total of 1,079,498 shares. Based on an average daily volume of 1,415,317 shares, the days-to-cover ratio is currently 2.4 days.

TUR stock opened at $24.64 on Thursday. iShares MSCI Turkey ETF has a 12 month low of $18.88 and a 12 month high of $40.92.

Several hedge funds have recently added to or reduced their stakes in TUR. Morgan Stanley grew its position in shares of iShares MSCI Turkey ETF by 304.1% in the third quarter. Morgan Stanley now owns 891,440 shares of the exchange traded fund’s stock valued at $21,224,000 after purchasing an additional 670,844 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of iShares MSCI Turkey ETF during the fourth quarter valued at approximately $3,611,000. First Republic Investment Management Inc. purchased a new position in shares of iShares MSCI Turkey ETF during the third quarter valued at approximately $3,125,000. Alliancebernstein L.P. purchased a new position in shares of iShares MSCI Turkey ETF during the third quarter valued at approximately $3,010,000. Finally, BlackRock Inc. lifted its stake in shares of iShares MSCI Turkey ETF by 146.4% during the fourth quarter. BlackRock Inc. now owns 191,725 shares of the exchange traded fund’s stock valued at $4,711,000 after buying an additional 113,919 shares during the period.

WARNING: “iShares MSCI Turkey ETF (TUR) Short Interest Update” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/ishares-msci-turkey-etf-tur-short-interest-update/2953744.html.

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.

Further Reading: Purposes and Functions of the Federal Reserve

Receive News & Ratings for iShares MSCI Turkey ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Turkey ETF and related companies with MarketBeat.com's FREE daily email newsletter.