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

iShares MSCI Turkey ETF (NASDAQ:TURGet Free Report) saw a large growth in short interest in 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 trading volume, of 234,936 shares, the short-interest ratio is presently 5.7 days. Approximately 22.2% of the shares of the stock are sold short.

iShares MSCI Turkey ETF Price Performance

Shares of TUR stock opened at $39.34 on Friday. The stock has a 50-day simple moving average of $40.29 and a 200 day simple moving average of $39.46. iShares MSCI Turkey ETF has a fifty-two week low of $31.72 and a fifty-two week high of $43.98. The stock has a market capitalization of $200.63 million, a P/E ratio of 10.68 and a beta of 0.33.

iShares MSCI Turkey ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in shares of iShares MSCI Turkey ETF by 166.0% in the 1st quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 9,118 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in iShares MSCI Turkey ETF during the first quarter valued at approximately $230,000. JPMorgan Chase & Co. bought a new stake in iShares MSCI Turkey ETF during the second quarter worth approximately $207,000. Raymond James Financial Inc. bought a new stake in iShares MSCI Turkey ETF during the second quarter worth approximately $47,000. Finally, Bank of America Corp DE grew its position in iShares MSCI Turkey ETF by 8.3% in the second quarter. Bank of America Corp DE now owns 22,032 shares of the exchange traded fund’s stock worth $711,000 after buying an additional 1,688 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Company Profile

(Get Free Report)

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.

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