iShares MSCI Turkey ETF (NASDAQ:TUR) Stock Short Interest Report for September

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 290,685 shares, the short-interest ratio is currently 1.4 days. Currently, 8.8% of the shares of the company are sold short.

iShares MSCI Turkey ETF Stock Down 1.3%

Shares of NASDAQ:TUR opened at $33.64 on Thursday. iShares MSCI Turkey ETF has a fifty-two week low of $31.72 and a fifty-two week high of $43.98. The firm has a 50-day simple moving average of $37.92 and a 200 day simple moving average of $39.27. The company has a market cap of $161.47 million, a PE ratio of 10.68 and a beta of 0.29.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arlington Capital Management Inc. acquired a new position in iShares MSCI Turkey ETF during the 2nd quarter valued at approximately $5,009,000. BlueCrest Capital Management Ltd acquired a new stake in iShares MSCI Turkey ETF in the second quarter worth $6,166,000. Headlands Technologies LLC acquired a new stake in iShares MSCI Turkey ETF in the second quarter worth $251,000. USA Financial Formulas acquired a new stake in iShares MSCI Turkey ETF in the first quarter worth $181,000. Finally, Amundi bought a new stake in iShares MSCI Turkey ETF in the first quarter valued at $218,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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.