iShares MSCI Thailand ETF (NYSEARCA:THD) Short Interest Up 128.0% in May

iShares MSCI Thailand ETF (NYSEARCA:THD) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 252,564 shares, a growth of 128.0% from the May 14th total of 110,779 shares. Approximately 6.6% of the company’s shares are short sold. Based on an average daily trading volume, of 69,601 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of iShares MSCI Thailand ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sun Life Financial Inc. purchased a new stake in shares of iShares MSCI Thailand ETF in the third quarter valued at approximately $12,751,000. Ameriprise Financial Inc. purchased a new position in iShares MSCI Thailand ETF during the 2nd quarter worth $6,136,000. Mount Lucas Management LP purchased a new position in iShares MSCI Thailand ETF during the 3rd quarter worth $946,000. Sparta 24 Ltd. bought a new stake in iShares MSCI Thailand ETF during the 1st quarter valued at $839,000. Finally, Trek Financial LLC bought a new stake in iShares MSCI Thailand ETF during the 4th quarter valued at $714,000. Institutional investors own 67.20% of the company’s stock.

iShares MSCI Thailand ETF Price Performance

Shares of THD opened at $74.53 on Friday. The firm has a market capitalization of $283.21 million, a price-to-earnings ratio of 13.16 and a beta of 0.44. iShares MSCI Thailand ETF has a 1-year low of $48.08 and a 1-year high of $75.06. The company has a 50-day moving average of $71.62 and a 200 day moving average of $66.78.

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.