iShares MSCI Thailand ETF (NYSEARCA:THD) Shares Shorted: Short Interest Down 62.6% in October

iShares MSCI Thailand ETF (NYSEARCA:THD) was the recipient of a large decrease in short interest in 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 trading volume of 203,592 shares, the short-interest ratio is currently 0.6 days. Currently, 2.0% of the company’s stock are sold short.

iShares MSCI Thailand ETF Stock Performance

Shares of iShares MSCI Thailand ETF stock traded down $1.36 during midday trading on Thursday, hitting $69.86. The company had a trading volume of 13,476 shares, compared to its average volume of 107,379. The stock has a market capitalization of $398.20 million, a P/E ratio of 13.16 and a beta of 0.42. The company has a 50 day moving average of $72.43 and a 200 day moving average of $70.56. iShares MSCI Thailand ETF has a 52-week low of $57.52 and a 52-week high of $75.17.

Institutional Investors Weigh In On iShares MSCI Thailand ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop Holdings Inc. bought a new position in iShares MSCI Thailand ETF in the 1st quarter worth approximately $773,000. Sparta 24 Ltd. purchased a new position in shares of iShares MSCI Thailand ETF in the 1st quarter worth $839,000. Beacon Financial Advisory LLC purchased a new stake in shares of iShares MSCI Thailand ETF during the 2nd quarter valued at about $685,000. Continuum Advisory LLC bought a new position in iShares MSCI Thailand ETF during the 2nd quarter valued at about $554,000. Finally, Buttonwood Financial Group LLC bought a new stake in iShares MSCI Thailand ETF in the second quarter worth about $1,522,000. Institutional investors 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.