Short Interest in iShares MSCI Turkey ETF (NASDAQ:TUR) Rises By 49.0%

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 978,000 shares, a growth of 49.0% from the November 15th total of 656,200 shares. Based on an average daily volume of 118,900 shares, the days-to-cover ratio is currently 8.2 days.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its position in iShares MSCI Turkey ETF by 54.3% in the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 10,851 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI Turkey ETF in the third quarter worth $186,000. Centiva Capital LP bought a new stake in iShares MSCI Turkey ETF during the 3rd quarter valued at $287,000. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Turkey ETF during the 3rd quarter valued at $627,000. Finally, BNP Paribas Financial Markets grew its holdings in iShares MSCI Turkey ETF by 1,758.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock worth $456,000 after acquiring an additional 11,850 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Trading Up 1.2 %

Shares of TUR stock traded up $0.44 during trading hours on Friday, hitting $37.71. 203,398 shares of the company’s stock were exchanged, compared to its average volume of 120,860. The company has a market capitalization of $192.32 million, a PE ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a 12-month low of $31.55 and a 12-month high of $44.41. The business’s 50 day simple moving average is $34.84 and its 200-day simple moving average is $38.10.

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.