iShares MSCI Turkey ETF Sees Unusually Large Options Volume (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 2,906 put options on the stock. This represents an increase of approximately 85% compared to the typical daily volume of 1,572 put options.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of institutional investors have recently added to or reduced their stakes in TUR. Royal Bank of Canada boosted its holdings in iShares MSCI Turkey ETF by 166.0% in the 1st quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 9,118 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in iShares MSCI Turkey ETF in the 1st quarter valued at approximately $230,000. JPMorgan Chase & Co. purchased a new stake in iShares MSCI Turkey ETF in the 2nd quarter valued at approximately $207,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI Turkey ETF in the 2nd quarter valued at approximately $47,000. Finally, Bank of America Corp DE boosted its holdings in iShares MSCI Turkey ETF by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 22,032 shares of the exchange traded fund’s stock valued at $711,000 after purchasing an additional 1,688 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Up 5.5%

TUR stock traded up $2.12 during trading on Wednesday, hitting $40.94. The company had a trading volume of 213,584 shares, compared to its average volume of 406,123. The firm has a market cap of $194.47 million, a PE ratio of 10.68 and a beta of 0.32. iShares MSCI Turkey ETF has a 1-year low of $29.64 and a 1-year high of $42.67. The firm has a 50-day moving average price of $39.95 and a 200-day moving average price of $36.55.

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. 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.