iShares MSCI Thailand ETF (NYSEARCA:THD) Sees Large Growth in Short Interest

iShares MSCI Thailand ETF (NYSEARCA:THD) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 252,564 shares, a growth of 128.0% from the May 14th total of 110,779 shares. Based on an average daily volume of 69,601 shares, the short-interest ratio is currently 3.6 days. Approximately 6.6% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several institutional investors have recently made changes to their positions in THD. Amundi bought a new position in shares of iShares MSCI Thailand ETF in the 2nd quarter worth approximately $421,000. Ameriprise Financial Inc. purchased a new stake in iShares MSCI Thailand ETF in the 2nd quarter worth approximately $6,136,000. JPMorgan Chase & Co. increased its holdings in iShares MSCI Thailand ETF by 293.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,055 shares of the company’s stock worth $769,000 after acquiring an additional 9,733 shares in the last quarter. Sun Life Financial Inc. purchased a new stake in iShares MSCI Thailand ETF in the 3rd quarter worth approximately $12,751,000. Finally, Mount Lucas Management LP purchased a new stake in iShares MSCI Thailand ETF in the 3rd quarter worth approximately $946,000. Institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Price Performance

Shares of NYSEARCA:THD traded up $0.27 during trading on Friday, hitting $74.53. The company’s stock had a trading volume of 70,207 shares, compared to its average volume of 138,912. The company has a 50-day moving average of $71.62 and a 200-day moving average of $66.84. iShares MSCI Thailand ETF has a 12 month low of $48.08 and a 12 month high of $75.06. The firm has a market cap of $283.21 million, a price-to-earnings ratio of 13.16 and a beta of 0.44.

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.