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

iShares MSCI Thailand ETF (NYSEARCA:THD) was the recipient of a large decrease in short interest during the month of 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. Based on an average daily volume of 63,997 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the shares of the stock are short sold.

iShares MSCI Thailand ETF Stock Performance

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

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several hedge funds and other institutional investors have recently modified their holdings of THD. Sun Life Financial Inc. grew its stake in iShares MSCI Thailand ETF by 0.6% during the 4th quarter. Sun Life Financial Inc. now owns 217,775 shares of the company’s stock valued at $12,995,000 after acquiring an additional 1,246 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of iShares MSCI Thailand ETF during the 2nd quarter worth approximately $6,136,000. Catalyst Capital Advisors LLC boosted its holdings in shares of iShares MSCI Thailand ETF by 6.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 74,927 shares of the company’s stock worth $5,198,000 after purchasing an additional 4,405 shares during the last quarter. Millburn Ridgefield LLC DE grew its position in shares of iShares MSCI Thailand ETF by 6.2% in the first quarter. Millburn Ridgefield LLC DE now owns 74,927 shares of the company’s stock valued at $5,198,000 after purchasing an additional 4,405 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of iShares MSCI Thailand ETF by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 40,807 shares of the company’s stock valued at $2,831,000 after purchasing an additional 3,214 shares during the last quarter. 67.20% of the stock is owned by hedge funds and other institutional investors.

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.