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

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

iShares MSCI Turkey ETF Stock Up 0.3%

Shares of TUR stock opened at $38.74 on Thursday. The company’s fifty day simple moving average is $39.69 and its 200-day simple moving average is $39.73. The firm has a market cap of $203.38 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.

iShares MSCI Turkey ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TUR. Osaic Holdings Inc. raised 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 worth $27,000 after purchasing an additional 376 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of iShares MSCI Turkey ETF by 10.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,718 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 720 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of iShares MSCI Turkey ETF in the fourth quarter valued at $26,000. Raymond James Financial Inc. acquired a new position in iShares MSCI Turkey ETF during the second quarter worth $47,000. Finally, Bank of America Corp DE increased its holdings in iShares MSCI Turkey ETF by 8.3% during the second 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 last quarter. 44.58% of the stock is owned by institutional investors.

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.