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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 891,600 shares, a decline of 12.6% from the December 31st total of 1,020,000 shares. Based on an average daily volume of 131,100 shares, the short-interest ratio is currently 6.8 days.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management bought a new position in iShares MSCI Turkey ETF during the fourth quarter valued at about $50,000. Sunbelt Securities Inc. bought a new stake in shares of iShares MSCI Turkey ETF during the third quarter valued at approximately $186,000. Centiva Capital LP acquired a new position in shares of iShares MSCI Turkey ETF in the third quarter valued at $287,000. Smart Portfolios LLC acquired a new stake in iShares MSCI Turkey ETF during the third quarter worth $331,000. Finally, KKM Financial LLC increased its holdings in iShares MSCI Turkey ETF by 11.0% in the 3rd quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock valued at $428,000 after buying an additional 1,163 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

Shares of iShares MSCI Turkey ETF stock opened at $35.94 on Friday. The stock has a 50-day simple moving average of $36.51 and a 200-day simple moving average of $36.67. iShares MSCI Turkey ETF has a 52-week low of $32.43 and a 52-week high of $44.41. The firm has a market cap of $194.08 million, a price-to-earnings ratio of 5.50 and a beta of 0.68.

iShares MSCI Turkey ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.146 dividend. The ex-dividend date was Tuesday, December 17th.

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.