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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the target of some unusual options trading activity on Wednesday. Stock investors bought 4,638 put options on the company. This represents an increase of 553% compared to the average daily volume of 710 put options.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of iShares MSCI Turkey ETF by 1,209.6% during the third quarter. Royal Bank of Canada now owns 54,165 shares of the exchange traded fund’s stock valued at $1,152,000 after acquiring an additional 50,029 shares during the last quarter. Whitcomb & Hess Inc. increased its position in shares of iShares MSCI Turkey ETF by 20.8% during the third quarter. Whitcomb & Hess Inc. now owns 253,517 shares of the exchange traded fund’s stock valued at $5,390,000 after acquiring an additional 43,672 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the third quarter valued at about $537,000. Glovista Investments LLC acquired a new stake in shares of iShares MSCI Turkey ETF during the third quarter valued at about $695,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of iShares MSCI Turkey ETF during the third quarter valued at about $1,945,000.

iShares MSCI Turkey ETF stock traded up $0.93 during midday trading on Wednesday, hitting $20.08. 44,778 shares of the stock were exchanged, compared to its average volume of 367,576. iShares MSCI Turkey ETF has a fifty-two week low of $19.07 and a fifty-two week high of $30.09. The stock’s 50-day moving average price is $21.83.

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.

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