iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Up 60.8% in March

iShares MSCI Turkey ETF (NASDAQ:TUR) saw a large increase in short interest during the month of 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. Approximately 11.9% of the company’s stock are sold short. Based on an average daily trading volume, of 195,000 shares, the days-to-cover ratio is presently 3.3 days.

iShares MSCI Turkey ETF Stock Up 1.1 %

NASDAQ:TUR opened at $32.67 on Friday. The stock’s 50 day moving average price is $35.30 and its two-hundred day moving average price is $35.45. iShares MSCI Turkey ETF has a 12-month low of $30.29 and a 12-month high of $44.41. The firm has a market capitalization of $176.42 million, a price-to-earnings ratio of 12.14 and a beta of 0.68.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of iShares MSCI Turkey ETF by 186.9% during the 4th quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock worth $1,289,000 after purchasing an additional 23,409 shares in the last quarter. Gallacher Capital Management LLC grew its stake 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. Smart Portfolios LLC increased its holdings in iShares MSCI Turkey ETF by 4.2% in the 4th quarter. Smart Portfolios LLC now owns 9,473 shares of the exchange traded fund’s stock valued at $340,000 after buying an additional 385 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of iShares MSCI Turkey ETF in the 4th quarter valued at approximately $27,173,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of iShares MSCI Turkey ETF in the 4th quarter valued at approximately $493,000. 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.