Short Interest in iShares MSCI Turkey ETF (NASDAQ:TUR) Grows By 58.7%

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,020,000 shares, a growth of 58.7% from the March 15th total of 642,700 shares. Based on an average daily volume of 230,000 shares, the short-interest ratio is presently 4.4 days. Approximately 19.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its holdings in shares of iShares MSCI Turkey ETF by 54.3% in the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 10,851 shares in the last quarter. Spire Wealth Management purchased a new stake in iShares MSCI Turkey ETF in the 4th quarter valued at approximately $50,000. Wealthfront Advisers LLC purchased a new stake in iShares MSCI Turkey ETF in the 4th quarter valued at approximately $27,173,000. SBI Securities Co. Ltd. acquired a new stake in iShares MSCI Turkey ETF during the 4th quarter valued at $493,000. Finally, Gallacher Capital Management LLC increased its position in iShares MSCI Turkey ETF by 6.5% during the fourth quarter. Gallacher Capital Management LLC now owns 35,178 shares of the exchange traded fund’s stock worth $1,261,000 after buying an additional 2,154 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Turkey ETF Trading Up 2.2 %

Shares of TUR stock traded up $0.70 during mid-day trading on Friday, reaching $31.91. The stock had a trading volume of 158,891 shares, compared to its average volume of 147,522. The company has a market cap of $143.60 million, a P/E ratio of 10.40 and a beta of 0.68. iShares MSCI Turkey ETF has a 12-month low of $30.29 and a 12-month high of $44.41. The business has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $34.95.

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.