Short Interest in iShares MSCI Thailand ETF (NYSEARCA:THD) Rises By 63.5%

iShares MSCI Thailand ETF (NYSEARCA:THDGet Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 127,190 shares, an increase of 63.5% from the June 30th total of 77,802 shares. Based on an average daily volume of 43,085 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.5% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

A number of hedge funds have recently modified their holdings of the stock. AlphaCentric Advisors LLC acquired a new position in iShares MSCI Thailand ETF during the fourth quarter worth $149,000. Innealta Capital LLC acquired a new position in iShares MSCI Thailand ETF during the 1st quarter worth $238,000. Sigma Planning Corp acquired a new stake in iShares MSCI Thailand ETF in the fourth quarter worth about $372,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Thailand ETF during the 3rd quarter worth approximately $411,000. Finally, Amundi acquired a new stake in iShares MSCI Thailand ETF during the 2nd quarter worth $421,000. 67.20% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Thailand ETF Stock Up 1.2%

Shares of THD opened at $73.04 on Friday. The firm has a market capitalization of $368.85 million, a price-to-earnings ratio of 13.16 and a beta of 0.44. iShares MSCI Thailand ETF has a 12-month low of $55.99 and a 12-month high of $75.06. The stock’s 50-day moving average price is $72.40 and its 200 day moving average price is $69.71.

About iShares MSCI Thailand ETF

(Get Free Report)

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.

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