Short Interest in iShares MSCI Turkey ETF (NASDAQ:TUR) Expands By 60.8%

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 642,700 shares, an increase of 60.8% from the February 28th total of 399,800 shares. Based on an average daily trading volume, of 195,000 shares, the short-interest ratio is presently 3.3 days. Currently, 11.9% of the company’s stock are short sold.

iShares MSCI Turkey ETF Stock Performance

Shares of NASDAQ TUR opened at $32.67 on Friday. The business’s 50-day simple moving average is $35.30 and its 200-day simple moving average is $35.45. iShares MSCI Turkey ETF has a 52 week low of $30.29 and a 52 week high of $44.41. The firm has a market cap of $176.42 million, a price-to-earnings ratio of 12.14 and a beta of 0.68.

Institutional Trading of iShares MSCI Turkey ETF

Several large investors have recently modified their holdings of TUR. Wealthfront Advisers LLC bought a new position in iShares MSCI Turkey ETF during the fourth quarter worth $27,173,000. TT International Asset Management LTD acquired a new position in shares of iShares MSCI Turkey ETF during the fourth quarter valued at about $2,658,000. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Turkey ETF by 186.9% in the fourth quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock valued at $1,289,000 after buying an additional 23,409 shares during the period. Gallacher Capital Management LLC grew its position in iShares MSCI Turkey ETF by 6.5% during the fourth quarter. Gallacher Capital Management LLC now owns 35,178 shares of the exchange traded fund’s stock worth $1,261,000 after buying an additional 2,154 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in iShares MSCI Turkey ETF by 54.3% during the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock valued at $1,113,000 after acquiring an additional 10,851 shares during the period. 44.58% of the stock is owned by institutional investors.

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.