Thai Fund, Inc. (The) (NYSE:TTF) Closed 5.4% Above Its 50 Day Average

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Shares of the company are trading at $9.51 which is just a bit higher than the 50 day moving average of $9.02 and which is marginally higher than the 200 day moving average of $8.69. The 50 day moving average was up $0.49 or +5.42% and the 200 day average went up by +9.41%. 8,621 shares changed hands in the last trading session. Volume was down 32.93% under the stocks average daily volume. Traders are feeling more bullish on the company lately at least if you consider the downtick in short interest. The firm saw a fall in short interest of -13.30% between August 15, 2017 and August 31, 2017. Short shares decreased from 5,615 to 4,868 over that period.

A few notable investment firms have updated their holdings. Deschutes Portfolio Strategy, LLC grew its stake by buying 1,000 shares an increase of 0.2% from 03/31/2017 to 06/30/2017. Deschutes Portfolio Strategy, LLC now holds 450,700 shares with a value of $3,908,000. The value of the position overall is up by 1.4%. As of quarter end Tower Research Capital LLC (trc) had disposed of 565 shares trimming its position 100.0%. The value in dollars went from $5,000 to $0 a change of 100.0% for the reporting period.

Rmb Capital Management, LLC cut its position by selling 22,003 shares a decrease of 22.2%. Rmb Capital Management, LLC owns 76,957 shares worth $667,000. The total value of its holdings decreased 21.3%. As of the end of the quarter City Of London Investment Management Co Ltd had sold a total of 26,041 shares trimming its stake by 0.7%. The value of the investment in Thai Fund, Inc. (The) increased from $33,338,000 to $33,521,000 increasing 0.5% quarter over quarter.

The Thai Fund, Inc. (the Fund), launched on June 10, 1987, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund makes its investments in Thailand through the Thai Investment Plan (the Plan). The Fund is the sole unit holder of the Plan. The Fund may invest in unregistered or otherwise restricted securities..