iShares MSCI Thailand ETF (NYSEARCA:THD) Sees Significant Decrease in Short Interest

iShares MSCI Thailand ETF (NYSEARCA:THD) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 112,881 shares, a decrease of 62.6% from the September 30th total of 301,937 shares. Based on an average daily volume of 203,592 shares, the short-interest ratio is presently 0.6 days. Currently, 2.0% of the company’s stock are short sold.

iShares MSCI Thailand ETF Stock Down 2.1%

Shares of THD traded down $1.48 during midday trading on Friday, reaching $68.46. 69,164 shares of the stock were exchanged, compared to its average volume of 107,502. iShares MSCI Thailand ETF has a 12-month low of $57.52 and a 12-month high of $75.17. The firm has a 50 day simple moving average of $72.25 and a 200-day simple moving average of $70.65. The company has a market cap of $390.22 million, a price-to-earnings ratio of 13.16 and a beta of 0.42.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Trek Financial LLC raised its stake in shares of iShares MSCI Thailand ETF by 8.8% in the 3rd quarter. Trek Financial LLC now owns 19,481 shares of the company’s stock valued at $1,374,000 after acquiring an additional 1,575 shares in the last quarter. USA Financial Formulas acquired a new stake in iShares MSCI Thailand ETF in the 3rd quarter worth approximately $297,000. Monument Capital Management boosted its position in iShares MSCI Thailand ETF by 5.8% during the third quarter. Monument Capital Management now owns 25,880 shares of the company’s stock worth $1,825,000 after purchasing an additional 1,414 shares during the period. Continuum Advisory LLC bought a new stake in iShares MSCI Thailand ETF during the second quarter worth approximately $554,000. Finally, Buttonwood Financial Group LLC bought a new stake in iShares MSCI Thailand ETF during the second quarter worth approximately $1,522,000. Institutional investors and hedge funds own 67.20% of the company’s stock.

About iShares MSCI Thailand ETF

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.