iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Update

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 816,195 shares, a decrease of 38.7% from the June 15th total of 1,331,909 shares. Approximately 15.5% of the company’s shares are short sold. Based on an average daily volume of 146,799 shares, the days-to-cover ratio is currently 5.6 days.

iShares MSCI Turkey ETF Trading Up 0.3%

iShares MSCI Turkey ETF stock opened at $38.74 on Thursday. The firm has a market capitalization of $203.38 million, a P/E ratio of 10.68 and a beta of 0.33. iShares MSCI Turkey ETF has a 1 year low of $31.72 and a 1 year high of $43.98. The business has a 50-day moving average of $39.69 and a 200-day moving average of $39.73.

iShares MSCI Turkey ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid 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

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in iShares MSCI Turkey ETF by 166.0% in the first quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 9,118 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of iShares MSCI Turkey ETF in the 1st quarter valued at $230,000. JPMorgan Chase & Co. bought a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $207,000. Raymond James Financial Inc. acquired a new stake in iShares MSCI Turkey ETF during the 2nd quarter worth $47,000. Finally, Bank of America Corp DE raised its stake in iShares MSCI Turkey ETF by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 22,032 shares of the exchange traded fund’s stock worth $711,000 after buying an additional 1,688 shares during the period. 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.