iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Short Interest Declines 62.6%

iShares MSCI Thailand ETF (NYSEARCA:THD) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 112,881 shares, a decrease of 62.6% from the September 30th total of 301,937 shares. Based on an average daily volume of 203,592 shares, the short-interest ratio is presently 0.6 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares MSCI Thailand ETF

Large investors have recently bought and sold shares of the company. Symphony Financial Ltd. Co. acquired a new stake in shares of iShares MSCI Thailand ETF in the second quarter worth $189,000. Innealta Capital LLC purchased a new position in shares of iShares MSCI Thailand ETF during the first quarter worth $238,000. USA Financial Formulas purchased a new position in shares of iShares MSCI Thailand ETF during the third quarter worth $297,000. Sigma Planning Corp lifted its position in iShares MSCI Thailand ETF by 14.8% during the first quarter. Sigma Planning Corp now owns 7,159 shares of the company’s stock valued at $497,000 after purchasing an additional 923 shares during the period. Finally, Continuum Advisory LLC acquired a new position in iShares MSCI Thailand ETF during the second quarter valued at $554,000. Hedge funds and other institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Stock Down 1.9%

Shares of THD traded down $1.36 during trading hours on Thursday, reaching $69.86. 13,476 shares of the company traded hands, compared to its average volume of 107,379. The business has a fifty day moving average price of $72.43 and a 200-day moving average price of $70.56. iShares MSCI Thailand ETF has a 12-month low of $57.52 and a 12-month high of $75.17. The stock has a market capitalization of $398.20 million, a P/E ratio of 13.16 and a beta of 0.42.

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.