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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,005,520 shares, an increase of 111.0% from the April 15th total of 476,579 shares. Based on an average daily volume of 303,183 shares, the short-interest ratio is currently 3.3 days. Approximately 16.8% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its stake in iShares MSCI Turkey ETF by 121.7% in the third quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock valued at $8,154,000 after purchasing an additional 130,746 shares during the last quarter. Millburn Ridgefield LLC DE lifted its position in shares of iShares MSCI Turkey ETF by 8.0% during the fourth quarter. Millburn Ridgefield LLC DE now owns 107,637 shares of the exchange traded fund’s stock worth $3,705,000 after acquiring an additional 7,979 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of iShares MSCI Turkey ETF by 8.0% during the fourth quarter. Catalyst Capital Advisors LLC now owns 107,637 shares of the exchange traded fund’s stock worth $3,705,000 after acquiring an additional 7,979 shares in the last quarter. Group One Trading LLC lifted its position in shares of iShares MSCI Turkey ETF by 5.8% during the first quarter. Group One Trading LLC now owns 67,857 shares of the exchange traded fund’s stock worth $2,623,000 after acquiring an additional 3,731 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of iShares MSCI Turkey ETF by 7.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 56,570 shares of the exchange traded fund’s stock worth $1,947,000 after acquiring an additional 3,881 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 2.2%

iShares MSCI Turkey ETF stock traded down $0.89 during trading on Monday, hitting $40.38. The stock had a trading volume of 166,710 shares, compared to its average volume of 371,551. iShares MSCI Turkey ETF has a 1 year low of $29.64 and a 1 year high of $43.98. The stock’s 50 day moving average is $40.64 and its two-hundred day moving average is $38.15. The stock has a market cap of $242.28 million, a price-to-earnings ratio of 10.68 and a beta of 0.37.

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.