iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Down 21.4% in September

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 291,700 shares, a decrease of 21.4% from the September 15th total of 371,000 shares. Based on an average daily volume of 96,000 shares, the short-interest ratio is currently 3.0 days.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Waycross Investment Management Co increased its position in iShares MSCI Turkey ETF by 1.1% in the 3rd quarter. Waycross Investment Management Co now owns 28,742 shares of the exchange traded fund’s stock worth $1,046,000 after purchasing an additional 319 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares MSCI Turkey ETF in the second quarter worth approximately $793,000. Sepio Capital LP bought a new position in iShares MSCI Turkey ETF during the second quarter valued at approximately $2,599,000. Gallacher Capital Management LLC lifted its stake in iShares MSCI Turkey ETF by 7.3% in the second quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock valued at $1,350,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Rhumbline Advisers grew its position in 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 acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

Shares of NASDAQ:TUR traded down $0.72 during midday trading on Monday, reaching $32.94. The company had a trading volume of 282,973 shares, compared to its average volume of 117,493. iShares MSCI Turkey ETF has a one year low of $31.55 and a one year high of $44.41. The stock has a market capitalization of $167.99 million, a P/E ratio of 5.50 and a beta of 0.68. The stock’s fifty day moving average price is $36.74 and its 200-day moving average price is $39.58.

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.