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

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 2,906 put options on the company. This is an increase of 85% compared to the typical volume of 1,572 put options.

iShares MSCI Turkey ETF Stock Performance

Shares of TUR stock opened at $40.58 on Thursday. iShares MSCI Turkey ETF has a 52-week low of $29.64 and a 52-week high of $42.67. The firm has a market capitalization of $192.76 million, a P/E ratio of 10.68 and a beta of 0.32. The stock has a 50 day moving average price of $39.96 and a 200 day moving average price of $36.57.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of institutional investors and hedge funds have recently modified their holdings of TUR. UBS Group AG lifted its stake in shares of iShares MSCI Turkey ETF by 121.7% during the 3rd quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock worth $8,154,000 after acquiring an additional 130,746 shares during the last quarter. Group One Trading LLC lifted its stake in shares of iShares MSCI Turkey ETF by 256,404.0% during the 4th quarter. Group One Trading LLC now owns 64,126 shares of the exchange traded fund’s stock worth $2,207,000 after acquiring an additional 64,101 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of iShares MSCI Turkey ETF during the 3rd quarter worth approximately $1,804,000. Quadrature Capital Ltd bought a new stake in shares of iShares MSCI Turkey ETF during the 4th quarter worth approximately $1,653,000. Finally, Simplex Trading LLC bought a new stake in iShares MSCI Turkey ETF during the 4th quarter valued at $1,314,000. 44.58% of the stock is owned by institutional investors.

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. As of September 7, 2012, the Fund invests in sectors, such as financials, consumer staples, industrials, telecommunication services, materials, consumer discretionary, energy, healthcare, utilities and information technology.