iShares MSCI Turkey ETF Target of Unusually High Options Trading (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of some unusual options trading activity on Friday. Traders bought 3,139 call options on the stock. This is an increase of approximately 2,021% compared to the average daily volume of 148 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TUR. Wealthfront Advisers LLC purchased a new stake in shares of iShares MSCI Turkey ETF during the 4th quarter worth approximately $27,173,000. TT International Asset Management LTD acquired a new position in iShares MSCI Turkey ETF in the 4th quarter valued at $2,658,000. BNP Paribas Financial Markets grew its position in iShares MSCI Turkey ETF by 186.9% during the fourth quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock worth $1,289,000 after buying an additional 23,409 shares during the period. Gallacher Capital Management LLC grew its holdings in shares of iShares MSCI Turkey ETF by 6.5% in the 4th quarter. Gallacher Capital Management LLC now owns 35,178 shares of the exchange traded fund’s stock worth $1,261,000 after acquiring an additional 2,154 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in iShares MSCI Turkey ETF by 54.3% during the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock worth $1,113,000 after purchasing an additional 10,851 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Down 7.5 %

Shares of iShares MSCI Turkey ETF stock opened at $30.77 on Friday. iShares MSCI Turkey ETF has a 52-week low of $30.29 and a 52-week high of $44.41. The company has a 50 day moving average of $35.64 and a 200 day moving average of $35.62. The company has a market capitalization of $166.16 million, a P/E ratio of 12.14 and a beta of 0.68.

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.