Short Interest to Follow: Will Turkish Investment Fund Incorporated (NYSE:TKF) Run Out of Steam Soon? Short Interest is Up

November 17, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: Will Turkish Investment Fund Incorporated (NYSE:TKF) Run Out of Steam Soon? Short Interest is Up

The stock of Turkish Investment Fund Incorporated (NYSE:TKF) registered an increase of 28.57% in short interest. TKF’s total short interest was 9,900 shares in November as published by FINRA. Its up 28.57% from 7,700 shares, reported previously. With 13,500 shares average volume, it will take short sellers 1 days to cover their TKF’s short positions. About 11,722 shares traded hands. Turkish Investment Fund Inc (NYSE:TKF) has declined 24.39% since April 15, 2016 and is downtrending. It has underperformed by 29.01% the S&P500.

The Turkish Investment Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $32.29 million. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish firms. It has a 94.09 P/E ratio. The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds.

Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.79, from 0.5 in 2016Q1. The ratio is positive, as 3 funds sold all Turkish Investment Fund Inc shares owned while 4 reduced positions. 2 funds bought stakes while 7 increased positions. They now own 1.34 million shares or 3.52% more from 1.29 million shares in 2016Q1.
Landscape Cap Management Ltd Limited Liability Company last reported 48,683 shares in the company. Royal Fincl Bank Of Canada has 0% invested in the company for 3,000 shares. City Of London Investment Mngmt Ltd owns 854,651 shares or 0.58% of their US portfolio. Wolverine Asset Management Ltd Llc has 0.01% invested in the company for 69,164 shares. The New York-based Morgan Stanley has invested 0% in Turkish Investment Fund Inc (NYSE:TKF). Doliver Capital Advisors Inc holds 27,196 shares or 0.2% of its portfolio. Cornerstone Advisors, a Alabama-based fund reported 39,077 shares. Vsr Financial Ser last reported 0.01% of its portfolio in the stock. The Minnesota-based Us State Bank De has invested 0% in Turkish Investment Fund Inc (NYSE:TKF). Css Lc Il holds 0.01% or 24,323 shares in its portfolio. Tower Rech Lc (Trc) accumulated 200 shares or 0% of the stock. Gramercy Funds Limited Liability Com has 0.53% invested in the company for 148,146 shares. Lazard Asset Ltd last reported 75,580 shares in the company. Moreover, Wells Fargo Commerce Mn has 0% invested in Turkish Investment Fund Inc (NYSE:TKF) for 200 shares. Fincl Bank Of Montreal Can, a Ontario – Canada-based fund reported 5,680 shares.

TKF Company Profile

The Turkish Investment Fund, Inc. (the Fund), incorporated on September 27, 1988, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish firms. The Company’s portfolio includes Turkish common stocks and short-term investments.

More important recent Turkish Investment Fund Inc (NYSE:TKF) news were published by: Marketwatch.com which released: “Turkish Investment Fund Inc.” on January 31, 2011, also Businesswire.com published article titled: “Morgan Stanley Closed-End Funds Announce Appointment of New Directors”, 247Wallst.com published: “Turkey: When a Coup Doesn’t Destroy a Market” on July 18, 2016. More interesting news about Turkish Investment Fund Inc (NYSE:TKF) was released by: Businesswire.com and their article: “The Central Europe, Russia and Turkey Fund, Inc., The European Equity Fund …” with publication date: October 21, 2016.

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By Richard Conner


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