iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Down 38.7% in June

iShares MSCI Turkey ETF (NASDAQ:TURGet Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 816,195 shares, a decrease of 38.7% from the June 15th total of 1,331,909 shares. Approximately 15.5% of the shares of the company are sold short. Based on an average trading volume of 146,799 shares, the short-interest ratio is presently 5.6 days.

iShares MSCI Turkey ETF Stock Down 1.1%

Shares of NASDAQ TUR traded down $0.42 during trading on Friday, reaching $38.93. 37,852 shares of the company traded hands, compared to its average volume of 336,803. The firm has a 50 day simple moving average of $39.52 and a 200-day simple moving average of $39.75. The stock has a market capitalization of $204.38 million, a PE ratio of 10.68 and a beta of 0.33. iShares MSCI Turkey ETF has a 52-week low of $31.72 and a 52-week high of $43.98.

iShares MSCI Turkey ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.4792 per share. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of iShares MSCI Turkey ETF during the 4th quarter valued at $26,000. Osaic Holdings Inc. grew its holdings in shares of 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 worth $27,000 after acquiring an additional 376 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Turkey ETF in the second quarter worth $47,000. Align Financial LLC purchased a new stake in iShares MSCI Turkey ETF during the fourth quarter valued at $59,000. Finally, Triumph Capital Management purchased a new stake in iShares MSCI Turkey ETF during the third quarter valued at $131,000. Hedge funds and other 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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