iShares MSCI Turkey ETF Sees Unusually Large Options Volume (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) saw some unusual options trading on Wednesday. Traders acquired 2,906 put options on the company. This represents an increase of 85% compared to the typical daily volume of 1,572 put options.

iShares MSCI Turkey ETF Stock Up 5.5%

iShares MSCI Turkey ETF stock traded up $2.12 during midday trading on Wednesday, reaching $40.94. The company’s stock had a trading volume of 213,584 shares, compared to its average volume of 406,123. iShares MSCI Turkey ETF has a fifty-two week low of $29.64 and a fifty-two week high of $42.67. The company has a market cap of $194.47 million, a P/E ratio of 10.68 and a beta of 0.32. The business has a 50-day simple moving average of $39.95 and a 200-day simple moving average of $36.55.

Institutional Trading of iShares MSCI Turkey ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in 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 valued at $27,000 after buying an additional 376 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in iShares MSCI Turkey ETF by 10.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,718 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 720 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in iShares MSCI Turkey ETF in the fourth quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in iShares MSCI Turkey ETF in the second quarter valued at $47,000. Finally, Bank of America Corp DE raised its stake 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 valued at $711,000 after buying an additional 1,688 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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. 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.