Short Interest in iShares MSCI Thailand ETF (NYSEARCA:THD) Drops By 28.5%

iShares MSCI Thailand ETF (NYSEARCA:THD) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 118,500 shares, a decline of 28.5% from the September 15th total of 165,800 shares. Based on an average daily trading volume, of 95,000 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 95,000 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several hedge funds and other institutional investors have recently bought and sold shares of THD. Catalyst Capital Advisors LLC lifted its holdings in iShares MSCI Thailand ETF by 5.7% in the first quarter. Catalyst Capital Advisors LLC now owns 68,899 shares of the company’s stock valued at $3,580,000 after buying an additional 3,727 shares during the period. SBI Securities Co. Ltd. lifted its holdings in iShares MSCI Thailand ETF by 10.0% in the first quarter. SBI Securities Co. Ltd. now owns 3,481 shares of the company’s stock valued at $181,000 after buying an additional 317 shares during the period. Point72 Europe London LLP acquired a new position in iShares MSCI Thailand ETF in the first quarter valued at $4,375,000. Strs Ohio acquired a new position in iShares MSCI Thailand ETF in the first quarter valued at $316,000. Finally, Millburn Ridgefield LLC DE raised its holdings in shares of iShares MSCI Thailand ETF by 9.8% during the second quarter. Millburn Ridgefield LLC DE now owns 75,645 shares of the company’s stock valued at $3,818,000 after purchasing an additional 6,746 shares during the period. Institutional investors and hedge funds own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Stock Up 2.0%

THD stock opened at $61.03 on Friday. The firm has a market cap of $198.35 million, a price-to-earnings ratio of 13.16 and a beta of 0.84. iShares MSCI Thailand ETF has a 12-month low of $45.23 and a 12-month high of $67.91. The company’s fifty day simple moving average is $59.31 and its 200 day simple moving average is $55.80.

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.