iShares MSCI Thailand ETF (NYSEARCA:THD) Sees Large Increase in Short Interest

iShares MSCI Thailand ETF (NYSEARCA:THD) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 127,190 shares, an increase of 63.5% from the June 30th total of 77,802 shares. Based on an average daily volume of 43,085 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.5% of the company’s shares are sold short.

Institutional Trading of iShares MSCI Thailand ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AlphaCentric Advisors LLC purchased a new position in shares of iShares MSCI Thailand ETF in the 4th quarter worth $149,000. Innealta Capital LLC purchased a new stake in iShares MSCI Thailand ETF during the first quarter valued at about $238,000. Sigma Planning Corp acquired a new stake in iShares MSCI Thailand ETF during the fourth quarter worth about $372,000. Flow Traders U.S. LLC acquired a new stake in iShares MSCI Thailand ETF during the third quarter worth about $411,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in iShares MSCI Thailand ETF by 30.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,197 shares of the company’s stock worth $429,000 after acquiring an additional 1,700 shares during the last quarter. 67.20% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Thailand ETF Price Performance

THD stock traded up $0.90 on Friday, hitting $73.04. 37,844 shares of the company were exchanged, compared to its average volume of 117,427. The stock has a market capitalization of $368.85 million, a price-to-earnings ratio of 13.16 and a beta of 0.44. iShares MSCI Thailand ETF has a twelve month low of $55.99 and a twelve month high of $75.06. The business’s fifty day moving average is $72.40 and its two-hundred day moving average is $69.71.

iShares MSCI Thailand ETF Company Profile

The iShares MSCI Thailand ETF (THD) is an exchange-traded fund that is based on the MSCI Thailand IMI 25-50 index, a market-cap-weighted index of the Thai equity market. THD was launched on Mar 26, 2008 and is managed by BlackRock.