iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Down 21.4% in September

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 291,700 shares, a decline of 21.4% from the September 15th total of 371,000 shares. Based on an average daily volume of 96,000 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in iShares MSCI Turkey ETF during the 1st quarter worth about $5,503,000. Sepio Capital LP acquired a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $2,599,000. Bricktown Capital LLC bought a new stake in shares of iShares MSCI Turkey ETF during the second quarter worth $1,242,000. Waycross Investment Management Co acquired a new position in shares of iShares MSCI Turkey ETF during the second quarter valued at $1,194,000. Finally, Sanctuary Advisors LLC bought a new position in iShares MSCI Turkey ETF in the second quarter valued at about $793,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

Shares of iShares MSCI Turkey ETF stock traded down $0.72 during trading on Monday, hitting $32.94. 282,973 shares of the company’s stock traded hands, compared to its average volume of 117,493. The company has a market cap of $167.99 million, a PE ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a twelve month low of $31.55 and a twelve month high of $44.41. The firm’s fifty day moving average price is $36.74 and its 200 day moving average price is $39.58.

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.