iShares MSCI Turkey ETF (NASDAQ:TUR) Sees Significant Increase in Short Interest

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. Based on an average daily trading volume, of 234,936 shares, the short-interest ratio is presently 5.7 days. Approximately 22.2% of the shares of the company are sold short.

iShares MSCI Turkey ETF Trading Up 0.1%

TUR stock traded up $0.04 on Thursday, hitting $39.21. The company had a trading volume of 137,545 shares, compared to its average volume of 356,816. iShares MSCI Turkey ETF has a 12-month low of $31.72 and a 12-month high of $43.98. The stock has a market cap of $199.97 million, a price-to-earnings ratio of 10.68 and a beta of 0.33. The stock’s 50-day simple moving average is $40.41 and its 200 day simple moving average is $39.43.

iShares MSCI Turkey ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.4792 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of hedge funds have recently modified their holdings of TUR. UBS Group AG grew its position in shares of iShares MSCI Turkey ETF by 121.7% during the third quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock valued at $8,154,000 after purchasing an additional 130,746 shares in the last quarter. Group One Trading LLC boosted its stake in iShares MSCI Turkey ETF by 256,404.0% during the fourth quarter. Group One Trading LLC now owns 64,126 shares of the exchange traded fund’s stock valued at $2,207,000 after buying an additional 64,101 shares during the last quarter. Quadrature Capital Ltd purchased a new position in iShares MSCI Turkey ETF during the 4th quarter valued at approximately $1,653,000. SG Americas Securities LLC purchased a new position in iShares MSCI Turkey ETF during the 1st quarter valued at approximately $1,546,000. Finally, Simplex Trading LLC bought a new stake in iShares MSCI Turkey ETF in the 4th quarter worth approximately $1,314,000. Institutional investors own 44.58% of the company’s stock.

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.