iShares MSCI Thailand ETF (NYSEARCA:THD) Stock Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of iShares MSCI Thailand ETF (NYSEARCA:THD) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $70.61 and traded as low as $69.73. iShares MSCI Thailand ETF shares last traded at $69.94, with a volume of 65,776 shares trading hands.

iShares MSCI Thailand ETF Stock Performance

The firm’s 50 day moving average is $72.25 and its two-hundred day moving average is $70.65. The stock has a market capitalization of $390.22 million, a PE ratio of 13.16 and a beta of 0.42.

Hedge Funds Weigh In On iShares MSCI Thailand ETF

Several institutional investors have recently modified their holdings of the business. Buttonwood Financial Group LLC acquired a new position in iShares MSCI Thailand ETF during the 2nd quarter worth $1,522,000. Sparta 24 Ltd. purchased a new stake in iShares MSCI Thailand ETF during the 1st quarter worth about $839,000. Hilltop Holdings Inc. purchased a new stake in iShares MSCI Thailand ETF during the 1st quarter worth about $773,000. Beacon Financial Advisory LLC acquired a new stake in iShares MSCI Thailand ETF in the 2nd quarter valued at about $685,000. Finally, Continuum Advisory LLC acquired a new stake in iShares MSCI Thailand ETF in the 2nd quarter valued at about $554,000. Institutional investors and hedge funds own 67.20% of the company’s stock.

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.