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 in July. As of July 31st, there was short interest totaling 393,035 shares, a decrease of 37.8% from the July 15th total of 632,086 shares. Based on an average trading volume of 88,929 shares, the days-to-cover ratio is currently 4.4 days. Currently, 7.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

A number of large investors have recently bought and sold shares of TUR. Osaic Holdings Inc. grew its stake in shares of iShares MSCI Turkey ETF by 81.7% during the 2nd quarter. Osaic Holdings Inc. now owns 836 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 376 shares during the period. Raymond James Financial Inc. acquired a new position in iShares MSCI Turkey ETF in the second quarter valued at $47,000. Align Financial LLC purchased a new stake in iShares MSCI Turkey ETF during the fourth quarter valued at about $59,000. Triumph Capital Management purchased a new stake in iShares MSCI Turkey ETF during the third quarter valued at about $131,000. Finally, AlphaCentric Advisors LLC purchased a new stake in iShares MSCI Turkey ETF during the fourth quarter valued at about $137,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

TUR stock traded up $0.95 during midday trading on Wednesday, hitting $40.56. The stock had a trading volume of 35,190 shares, compared to its average volume of 299,315. The firm has a market cap of $223.08 million, a PE ratio of 10.68 and a beta of 0.33. iShares MSCI Turkey ETF has a 12-month low of $31.72 and a 12-month high of $43.98. The company’s 50-day moving average price is $39.18 and its 200 day moving average price is $40.01.

iShares MSCI Turkey ETF Dividend Announcement

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

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.