iShares MSCI Thailand ETF (NYSEARCA:THD) Short Interest Update

iShares MSCI Thailand ETF (NYSEARCA:THD) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 233,149 shares, a growth of 90.6% from the August 31st total of 122,301 shares. Based on an average daily trading volume, of 129,500 shares, the days-to-cover ratio is presently 1.8 days. Currently, 4.4% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several large investors have recently modified their holdings of THD. Sigma Planning Corp increased its position in iShares MSCI Thailand ETF by 14.8% in the first quarter. Sigma Planning Corp now owns 7,159 shares of the company’s stock worth $497,000 after buying an additional 923 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares MSCI Thailand ETF by 25.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,997 shares of the company’s stock valued at $624,000 after buying an additional 1,800 shares during the period. Symphony Financial Ltd. Co. bought a new stake in shares of iShares MSCI Thailand ETF during the second quarter valued at approximately $189,000. Bank of New York Mellon Corp boosted its stake in iShares MSCI Thailand ETF by 8.5% during the first quarter. Bank of New York Mellon Corp now owns 40,807 shares of the company’s stock worth $2,831,000 after buying an additional 3,214 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in iShares MSCI Thailand ETF during the first quarter worth about $238,000. Institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Price Performance

THD traded down $1.82 during trading on Wednesday, hitting $70.51. The company had a trading volume of 56,995 shares, compared to its average volume of 105,966. The company has a market cap of $401.91 million, a PE ratio of 13.16 and a beta of 0.43. iShares MSCI Thailand ETF has a 1-year low of $57.52 and a 1-year high of $75.17. The business has a 50-day moving average of $73.10 and a 200-day moving average of $71.65.

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.