iShares MSCI Turkey ETF Sees Unusually Large Options Volume (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) saw some unusual options trading activity on Friday. Stock investors purchased 3,139 call options on the stock. This is an increase of 2,021% compared to the typical daily volume of 148 call options.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in iShares MSCI Turkey ETF by 186.9% in the fourth quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock worth $1,289,000 after purchasing an additional 23,409 shares in the last quarter. Gallacher Capital Management LLC grew its position 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 buying an additional 2,154 shares during the last quarter. Smart Portfolios LLC raised its stake in shares of iShares MSCI Turkey ETF by 4.2% during the 4th quarter. Smart Portfolios LLC now owns 9,473 shares of the exchange traded fund’s stock worth $340,000 after acquiring an additional 385 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in iShares MSCI Turkey ETF during the fourth quarter valued at approximately $27,173,000. Finally, SBI Securities Co. Ltd. purchased a new stake in iShares MSCI Turkey ETF during the fourth quarter valued at approximately $493,000. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Trading Down 7.5 %

Shares of NASDAQ TUR opened at $30.77 on Friday. The stock has a market capitalization of $166.16 million, a PE ratio of 12.14 and a beta of 0.68. iShares MSCI Turkey ETF has a 12-month low of $30.29 and a 12-month high of $44.41. The stock’s fifty day simple moving average is $35.64 and its two-hundred day simple moving average is $35.60.

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.