iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Up 74.4% in June

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,331,909 shares, a growth of 74.4% from the May 31st total of 763,796 shares. Approximately 22.2% of the shares of the company are short sold. Based on an average daily volume of 234,936 shares, the days-to-cover ratio is presently 5.7 days.

iShares MSCI Turkey ETF Trading Up 0.4%

Shares of NASDAQ TUR opened at $39.34 on Friday. The company has a market cap of $200.63 million, a PE ratio of 10.68 and a beta of 0.33. iShares MSCI Turkey ETF has a 12-month low of $31.72 and a 12-month high of $43.98. The stock has a 50 day simple moving average of $40.36 and a 200-day simple moving average of $39.46.

iShares MSCI Turkey ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.4792 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Turkey ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TUR. UBS Group AG boosted its holdings in shares of 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 acquiring an additional 130,746 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in iShares MSCI Turkey ETF by 8.0% in 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. Millburn Ridgefield LLC DE raised its holdings in shares of iShares MSCI Turkey ETF by 8.0% in the 4th quarter. Millburn Ridgefield LLC DE now owns 107,637 shares of the exchange traded fund’s stock worth $3,705,000 after purchasing an additional 7,979 shares in the last quarter. Group One Trading LLC boosted its stake in shares of iShares MSCI Turkey ETF by 5.8% during the 1st 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 holdings 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 valued at $1,947,000 after purchasing an additional 3,881 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

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.