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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 564,412 shares, a drop of 43.9% from the April 30th total of 1,005,520 shares. Approximately 9.4% of the shares of the company are sold short. Based on an average trading volume of 262,146 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TUR. Amundi bought a new position in shares of iShares MSCI Turkey ETF in the 1st quarter worth about $218,000. Royal Bank of Canada grew its holdings 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 valued at $241,000 after purchasing an additional 1,889 shares during the last quarter. Hilltop Holdings Inc. bought a new position in shares of iShares MSCI Turkey ETF during the first quarter valued at approximately $1,086,000. Group One Trading LLC raised its position in shares of iShares MSCI Turkey ETF by 5.8% during the 1st quarter. Group One Trading LLC now owns 67,857 shares of the exchange traded fund’s stock worth $2,623,000 after purchasing an additional 3,731 shares during the period. Finally, IMC Chicago LLC bought a new stake in shares of iShares MSCI Turkey ETF in the 1st quarter worth approximately $340,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 2.3%

NASDAQ TUR traded down $0.92 during trading hours on Wednesday, hitting $39.19. 142,052 shares of the stock were exchanged, compared to its average volume of 389,444. The stock has a 50-day moving average of $40.67 and a 200 day moving average of $38.55. The company has a market cap of $235.14 million, a price-to-earnings ratio of 10.68 and a beta of 0.37. iShares MSCI Turkey ETF has a 12-month low of $29.64 and a 12-month high of $43.98.

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.