iShares MSCI Turkey ETF (NASDAQ:TUR) Short Interest Down 22.5% in August

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 282,900 shares, a decline of 22.5% from the August 15th total of 365,200 shares. Based on an average daily trading volume, of 106,100 shares, the days-to-cover ratio is currently 2.7 days.

iShares MSCI Turkey ETF Stock Performance

Shares of iShares MSCI Turkey ETF stock opened at $36.61 on Monday. iShares MSCI Turkey ETF has a one year low of $31.55 and a one year high of $44.41. The company has a market cap of $210.51 million, a PE ratio of 5.50 and a beta of 0.68. The business has a 50-day simple moving average of $39.58 and a 200-day simple moving average of $39.58.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new position in iShares MSCI Turkey ETF in the first quarter valued at approximately $5,503,000. Sepio Capital LP acquired a new position in iShares MSCI Turkey ETF in the second quarter valued at approximately $2,599,000. Bricktown Capital LLC acquired a new position in iShares MSCI Turkey ETF in the second quarter valued at approximately $1,242,000. Waycross Investment Management Co purchased a new stake in iShares MSCI Turkey ETF in the second quarter valued at approximately $1,194,000. Finally, Sanctuary Advisors LLC purchased a new stake in iShares MSCI Turkey ETF in the second quarter valued at approximately $793,000. 44.58% of the stock is owned by institutional investors and hedge funds.

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.