iShares MSCI Thailand ETF (NYSEARCA:THD) Shares Shorted: Short Interest Up 90.6% in September

iShares MSCI Thailand ETF (NYSEARCA:THD) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 233,149 shares, an increase of 90.6% from the August 31st total of 122,301 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily volume of 129,500 shares, the days-to-cover ratio is presently 1.8 days.

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. Buttonwood Financial Group LLC purchased a new position in shares of iShares MSCI Thailand ETF during the second quarter worth approximately $1,522,000. Sparta 24 Ltd. acquired a new position in shares of iShares MSCI Thailand ETF in the 1st quarter valued at $839,000. Hilltop Holdings Inc. acquired a new position in shares of iShares MSCI Thailand ETF in the 1st quarter valued at $773,000. Beacon Financial Advisory LLC purchased a new stake in iShares MSCI Thailand ETF in the 2nd quarter valued at $685,000. Finally, Continuum Advisory LLC purchased a new stake in iShares MSCI Thailand ETF in the 2nd 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 1.4%

Shares of NYSEARCA THD opened at $72.52 on Tuesday. The stock has a market cap of $413.36 million, a PE ratio of 13.16 and a beta of 0.43. iShares MSCI Thailand ETF has a 52-week low of $57.52 and a 52-week high of $75.17. The business has a 50-day moving average price of $73.13 and a 200 day moving average price of $71.61.

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.