iShares MSCI Turkey ETF (NASDAQ:TUR) Sees Large Increase in Short Interest

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 978,000 shares, an increase of 49.0% from the November 15th total of 656,200 shares. Based on an average daily volume of 118,900 shares, the days-to-cover ratio is presently 8.2 days.

iShares MSCI Turkey ETF Stock Performance

Shares of TUR stock traded up $0.44 on Friday, hitting $37.71. The stock had a trading volume of 14,702 shares, compared to its average volume of 120,028. iShares MSCI Turkey ETF has a 52-week low of $31.55 and a 52-week high of $44.41. The firm has a market capitalization of $192.32 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. The stock’s 50 day moving average is $34.84 and its 200-day moving average is $38.10.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in iShares MSCI Turkey ETF during the second quarter valued at approximately $793,000. Rhumbline Advisers raised its position in shares of iShares MSCI Turkey ETF by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock valued at $274,000 after acquiring an additional 300 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in iShares MSCI Turkey ETF by 7.3% during the second quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock worth $1,350,000 after purchasing an additional 2,192 shares during the last quarter. Centiva Capital LP acquired a new position in iShares MSCI Turkey ETF in the third quarter worth $287,000. Finally, Concurrent Investment Advisors LLC acquired a new position in iShares MSCI Turkey ETF in the second quarter worth $541,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.