iShares MSCI Turkey ETF (NASDAQ:TUR) Stock Short Interest Report for September

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 420,278 shares, a growth of 82.1% from the September 15th total of 230,826 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily volume of 290,685 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TUR. BlueCrest Capital Management Ltd bought a new position in iShares MSCI Turkey ETF in the 2nd quarter valued at about $6,166,000. Hilltop Holdings Inc. acquired a new position in iShares MSCI Turkey ETF in the first quarter worth approximately $1,086,000. SG Americas Securities LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the first quarter worth $1,546,000. Arlington Capital Management Inc. purchased a new stake in iShares MSCI Turkey ETF during the second quarter valued at about $5,009,000. Finally, Headlands Technologies LLC purchased a new stake in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at approximately $251,000. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Trading Down 1.3%

NASDAQ TUR opened at $33.64 on Thursday. The company has a 50-day moving average price of $37.92 and a two-hundred day moving average price of $39.27. The stock has a market cap of $161.47 million, a price-to-earnings ratio of 10.68 and a beta of 0.29. iShares MSCI Turkey ETF has a 52 week low of $31.72 and a 52 week high of $43.98.

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.