iShares MSCI Turkey ETF (NASDAQ:TUR – Get Free Report) saw a large growth in short interest during 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. Currently, 8.8% of the shares of the company are sold short. Based on an average daily trading volume, of 290,685 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Investors Weigh In On iShares MSCI Turkey ETF
Several institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas bought a new stake in shares of iShares MSCI Turkey ETF in the first quarter valued at approximately $181,000. Amundi bought a new stake in iShares MSCI Turkey ETF during the 1st quarter valued at $218,000. Royal Bank of Canada lifted its position in shares of iShares MSCI Turkey ETF by 43.7% during the first 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of iShares MSCI Turkey ETF in the second quarter worth $251,000. Finally, J. Safra Sarasin Holding AG bought a new position in shares of iShares MSCI Turkey ETF in the first quarter worth $281,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Turkey ETF Price Performance
Shares of iShares MSCI Turkey ETF stock traded down $1.09 on Friday, reaching $32.47. 206,574 shares of the company traded hands, compared to its average volume of 277,286. iShares MSCI Turkey ETF has a 52 week low of $31.72 and a 52 week high of $43.98. The company has a 50 day moving average of $37.69 and a 200 day moving average of $39.20. The firm has a market capitalization of $155.86 million, a PE ratio of 10.68 and a beta of 0.29.
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.
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