Short Interest in iShares MSCI Turkey ETF (NASDAQ:TUR) Expands By 74.4%

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,331,909 shares, a growth of 74.4% from the May 31st total of 763,796 shares. Based on an average daily volume of 234,936 shares, the short-interest ratio is currently 5.7 days. Currently, 22.2% of the shares of the stock are short sold.

iShares MSCI Turkey ETF Stock Up 0.1%

TUR traded up $0.04 during trading on Thursday, reaching $39.21. The company had a trading volume of 137,545 shares, compared to its average volume of 356,816. The stock has a market cap of $199.97 million, a P/E ratio of 10.68 and a beta of 0.33. iShares MSCI Turkey ETF has a 52 week low of $31.72 and a 52 week high of $43.98. The business has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $39.43.

iShares MSCI Turkey ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its holdings in shares of iShares MSCI Turkey ETF by 121.7% in the 3rd quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock valued at $8,154,000 after buying an additional 130,746 shares in the last quarter. Group One Trading LLC increased its position in shares of iShares MSCI Turkey ETF by 256,404.0% in the 4th quarter. Group One Trading LLC now owns 64,126 shares of the exchange traded fund’s stock valued at $2,207,000 after acquiring an additional 64,101 shares during the period. Quadrature Capital Ltd purchased a new position in shares of iShares MSCI Turkey ETF in the fourth quarter worth about $1,653,000. SG Americas Securities LLC acquired a new stake in iShares MSCI Turkey ETF during the 1st quarter valued at approximately $1,546,000. Finally, Simplex Trading LLC acquired a new position in iShares MSCI Turkey ETF during the fourth quarter valued at $1,314,000. 44.58% of the stock is currently owned by hedge funds and other 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.