Stock Traders Purchase High Volume of iShares MSCI Turkey ETF Call Options (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) saw unusually large options trading activity on Friday. Stock investors acquired 6,138 call options on the company. This is an increase of approximately 1,446% compared to the average daily volume of 397 call options.

Institutional Trading of iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in iShares MSCI Turkey ETF by 81.7% in the second quarter. Osaic Holdings Inc. now owns 836 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 376 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at approximately $47,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI Turkey ETF in the 3rd quarter valued at approximately $131,000. Trek Financial LLC bought a new stake in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at approximately $207,000. Finally, JPMorgan Chase & Co. acquired a new position in iShares MSCI Turkey ETF during the 2nd quarter worth approximately $207,000. 44.58% of the stock is currently owned by institutional investors.

iShares MSCI Turkey ETF Price Performance

TUR traded down $0.15 during trading on Friday, hitting $33.44. 286,788 shares of the stock traded hands, compared to its average volume of 161,626. The business has a 50 day moving average price of $33.70 and a 200 day moving average price of $33.15. iShares MSCI Turkey ETF has a twelve month low of $29.64 and a twelve month high of $38.55. The company has a market cap of $170.56 million, a price-to-earnings ratio of 10.68 and a beta of 0.48.

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.