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

iShares MSCI Thailand ETF (NYSEARCA:THD) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 77,802 shares, a decrease of 65.5% from the June 15th total of 225,314 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 63,997 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THD. USA Financial Formulas acquired a new position in shares of iShares MSCI Thailand ETF in the fourth quarter worth $148,000. AlphaCentric Advisors LLC acquired a new stake in shares of iShares MSCI Thailand ETF in the fourth quarter valued at $149,000. Innealta Capital LLC acquired a new stake in shares of iShares MSCI Thailand ETF in the first quarter valued at $238,000. Capula Management Ltd purchased a new position in iShares MSCI Thailand ETF in the third quarter valued at $252,000. Finally, Sigma Planning Corp purchased a new position in iShares MSCI Thailand ETF in the fourth quarter valued at $372,000. Hedge funds and other institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Stock Performance

Shares of THD stock opened at $72.51 on Monday. The stock has a market capitalization of $358.92 million, a P/E ratio of 13.16 and a beta of 0.44. The company has a 50 day moving average price of $72.11 and a 200 day moving average price of $68.48. iShares MSCI Thailand ETF has a fifty-two week low of $51.72 and a fifty-two week high of $75.06.

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.