iShares MSCI Thailand ETF (NYSEARCA:THD) Shares Down 0.8% – Here’s What Happened

iShares MSCI Thailand ETF (NYSEARCA:THD) shares traded down 0.8% during trading on Wednesday . The stock traded as low as $73.79 and last traded at $74.09. 47,810 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 133,312 shares. The stock had previously closed at $74.65.

iShares MSCI Thailand ETF Trading Down 3.3%

The stock has a market capitalization of $275.61 million, a price-to-earnings ratio of 13.16 and a beta of 0.44. The firm has a 50-day moving average of $70.93 and a 200 day moving average of $66.22.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

A number of hedge funds have recently modified their holdings of the stock. USA Financial Formulas purchased a new position in shares of iShares MSCI Thailand ETF during the fourth quarter valued at $148,000. AlphaCentric Advisors LLC purchased a new position in shares of iShares MSCI Thailand ETF during the 4th quarter valued at $149,000. Innealta Capital LLC purchased a new position in shares of iShares MSCI Thailand ETF during the 1st quarter valued at $238,000. Capula Management Ltd purchased a new position in shares of iShares MSCI Thailand ETF during the 3rd quarter valued at $252,000. Finally, Sigma Planning Corp bought a new stake in iShares MSCI Thailand ETF in the fourth quarter worth approximately $372,000. 67.20% of the stock is currently owned by institutional investors and hedge funds.

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.