iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Break Below Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI Thailand ETF (NYSEARCA:THD) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $70.61 and traded as low as $69.73. iShares MSCI Thailand ETF shares last traded at $69.94, with a volume of 65,776 shares trading hands.

iShares MSCI Thailand ETF Stock Down 1.8%

The business has a fifty day moving average price of $72.35 and a 200-day moving average price of $70.61. The company has a market cap of $398.66 million, a P/E ratio of 13.16 and a beta of 0.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in THD. Buttonwood Financial Group LLC bought a new position in shares of iShares MSCI Thailand ETF in the 2nd quarter valued at $1,522,000. Sparta 24 Ltd. acquired a new position in shares of iShares MSCI Thailand ETF during the 1st quarter worth $839,000. Hilltop Holdings Inc. bought a new stake in shares of iShares MSCI Thailand ETF during the 1st quarter worth $773,000. Beacon Financial Advisory LLC bought a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter worth $685,000. Finally, Continuum Advisory LLC bought a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter worth $554,000. 67.20% of the stock is owned by institutional investors.

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.