Short Interest in iShares MSCI Thailand ETF (NYSEARCA:THD) Declines By 47.2%

iShares MSCI Thailand ETF (NYSEARCA:THD) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 73,795 shares, a decline of 47.2% from the February 12th total of 139,843 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 124,485 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 124,485 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.8% of the company’s stock are sold short.

iShares MSCI Thailand ETF Price Performance

NYSEARCA:THD traded down $1.11 during mid-day trading on Thursday, reaching $65.90. The stock had a trading volume of 340,951 shares, compared to its average volume of 166,496. The stock has a market cap of $266.90 million, a P/E ratio of 13.16 and a beta of 0.61. The business’s 50 day moving average is $65.85 and its 200 day moving average is $61.85. iShares MSCI Thailand ETF has a fifty-two week low of $45.23 and a fifty-two week high of $75.06.

Institutional Investors Weigh In On iShares MSCI Thailand ETF

Several institutional investors and hedge funds have recently modified their holdings of THD. Stifel Financial Corp raised its holdings in iShares MSCI Thailand ETF by 18.0% during the fourth quarter. Stifel Financial Corp now owns 7,206 shares of the company’s stock valued at $431,000 after buying an additional 1,097 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of iShares MSCI Thailand ETF during the 4th quarter valued at about $149,000. Sun Life Financial Inc. raised its stake in shares of iShares MSCI Thailand ETF by 0.6% in 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. LPL Financial LLC raised its stake in shares of iShares MSCI Thailand ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 11,557 shares of the company’s stock valued at $690,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Trek Financial LLC acquired a new stake in iShares MSCI Thailand ETF in the 4th quarter worth approximately $714,000. 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.