iShares MSCI Turkey ETF (NASDAQ:TUR) Shares Shorted: Short Interest Up 82.1% in September

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 420,278 shares, a growth of 82.1% from the September 15th total of 230,826 shares. Based on an average trading volume of 290,685 shares, the short-interest ratio is currently 1.4 days. Currently, 8.8% of the company’s stock are sold short.

Institutional Trading of iShares MSCI Turkey ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in iShares MSCI Turkey ETF by 43.7% during the 1st quarter. Royal Bank of Canada now owns 6,216 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 1,889 shares during the last quarter. Group One Trading LLC lifted its stake in iShares MSCI Turkey ETF by 5.8% in the first quarter. Group One Trading LLC now owns 67,857 shares of the exchange traded fund’s stock valued at $2,623,000 after buying an additional 3,731 shares in the last quarter. USA Financial Formulas acquired a new stake in iShares MSCI Turkey ETF in the 1st quarter valued at approximately $181,000. Amundi bought a new stake in iShares MSCI Turkey ETF during the first quarter worth about $218,000. Finally, Headlands Technologies LLC acquired a new stake in iShares MSCI Turkey ETF in the 2nd quarter valued at about $251,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 3.2%

NASDAQ:TUR traded down $1.08 on Friday, hitting $32.48. The stock had a trading volume of 164,068 shares, compared to its average volume of 277,066. The business’s 50-day simple moving average is $37.82 and its two-hundred day simple moving average is $39.24. The stock has a market cap of $155.88 million, a price-to-earnings ratio of 10.68 and a beta of 0.29. iShares MSCI Turkey ETF has a 52-week low of $31.72 and a 52-week high of $43.98.

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.