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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 642,700 shares, an increase of 60.8% from the February 28th total of 399,800 shares. Based on an average daily trading volume, of 195,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 11.9% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several large investors have recently modified their holdings of TUR. Spire Wealth Management purchased a new stake in iShares MSCI Turkey ETF in the 4th quarter valued at about $50,000. Sunbelt Securities Inc. purchased a new stake in shares of iShares MSCI Turkey ETF in the 3rd quarter valued at approximately $186,000. Centiva Capital LP acquired a new position in shares of iShares MSCI Turkey ETF in the 3rd quarter worth approximately $287,000. Smart Portfolios LLC boosted its position in shares of iShares MSCI Turkey ETF by 4.2% during the 4th quarter. Smart Portfolios LLC now owns 9,473 shares of the exchange traded fund’s stock worth $340,000 after purchasing an additional 385 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in iShares MSCI Turkey ETF by 1,758.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock valued at $456,000 after purchasing an additional 11,850 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Performance

TUR opened at $32.67 on Friday. The business’s 50 day moving average price is $35.30 and its 200 day moving average price is $35.45. The stock has a market capitalization of $176.42 million, a PE ratio of 12.14 and a beta of 0.68. iShares MSCI Turkey ETF has a one year low of $30.29 and a one year high of $44.41.

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.