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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 502,200 shares, an increase of 72.2% from the September 30th total of 291,700 shares. Based on an average daily volume of 106,200 shares, the short-interest ratio is currently 4.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TUR. V Square Quantitative Management LLC purchased a new position in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at about $31,000. Rhumbline Advisers increased its stake in shares of iShares MSCI Turkey ETF by 4.8% in the second quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 300 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at $541,000. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI Turkey ETF during the 2nd quarter valued at $793,000. Finally, Waycross Investment Management Co lifted its stake in shares of iShares MSCI Turkey ETF by 1.1% during the 3rd quarter. Waycross Investment Management Co now owns 28,742 shares of the exchange traded fund’s stock valued at $1,046,000 after buying an additional 319 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

iShares MSCI Turkey ETF Stock Performance

TUR stock remained flat at $33.51 during trading on Friday. The company’s stock had a trading volume of 65,232 shares, compared to its average volume of 116,827. The company has a market capitalization of $170.90 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. The firm’s 50 day moving average is $35.77 and its 200 day moving average is $39.29. iShares MSCI Turkey ETF has a 52 week low of $31.55 and a 52 week 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.