FYI: (This is a follow-up article.)
As the Turkish economy hit its crisis point this past week, traders piled en-masse into the $299 million iShares MSCI Turkey ETF (TUR).
Beyond the flashpoint headlines, the fund has emerged as the go-to vehicle for institutional hedging, short-selling profiteering and even price discovery. The wave of inflows speaks to how investors are using the ETF structure to fill a trading void as much as "buy the dip."
This past Friday, Aug. 10, TUR saw its highest amount of daily trading volume ever, with 13.3 million shares exchanging hands. That's an eye-popping amount for a fund that usually trades closer to 500,000 shares daily.
Regards,
Ted
https://www.etf.com/sections/features-and-news/behind-turkey-etfs-mega-volume?nopaging=1
