Short Interest in iShares MSCI Turkey ETF (NASDAQ:TUR) Rises By 24.7%

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 626,000 shares, an increase of 24.7% from the October 15th total of 502,200 shares. Based on an average daily volume of 105,700 shares, the short-interest ratio is presently 5.9 days.

iShares MSCI Turkey ETF Trading Down 0.9 %

NASDAQ:TUR opened at $35.14 on Friday. iShares MSCI Turkey ETF has a 12 month low of $31.55 and a 12 month high of $44.41. The company has a market cap of $179.21 million, a PE ratio of 5.50 and a beta of 0.68. The company has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $38.82.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TUR. OLD Mission Capital LLC purchased a new stake in iShares MSCI Turkey ETF in the 1st quarter worth approximately $5,503,000. V Square Quantitative Management LLC bought a new position in iShares MSCI Turkey ETF during the 2nd quarter valued at about $31,000. Catalyst Capital Advisors LLC lifted its stake in shares of iShares MSCI Turkey ETF by 5.5% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 116,779 shares of the exchange traded fund’s stock worth $4,907,000 after acquiring an additional 6,090 shares during the last quarter. Waycross Investment Management Co bought a new position in shares of iShares MSCI Turkey ETF in the second quarter worth about $1,194,000. Finally, Bricktown Capital LLC bought a new stake in shares of iShares MSCI Turkey ETF during the second quarter valued at approximately $1,242,000. Institutional investors own 44.58% of the company’s stock.

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.