Thai Fund, Inc. (The) (NYSE:TTF) major shareholder City Of London Investment Grou sold 1,600 shares of Thai Fund, Inc. (The) stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $10.57, for a total transaction of $16,912.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, August 11th, City Of London Investment Grou sold 24,376 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $8.79, for a total transaction of $214,265.04.
  • On Tuesday, August 8th, City Of London Investment Grou sold 22,176 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $8.93, for a total transaction of $198,031.68.

Thai Fund, Inc. (TTF) traded up 0.38% during trading on Thursday, hitting $10.52. 18,371 shares of the stock traded hands. Thai Fund, Inc. has a 52-week low of $6.86 and a 52-week high of $10.57. The firm has a 50-day moving average price of $9.32 and a 200 day moving average price of $8.85.

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Large investors have recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in shares of Thai Fund, Inc. (The) by 30.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 73,712 shares of the company’s stock worth $661,000 after purchasing an additional 17,110 shares during the period. Doliver Capital Advisors LP lifted its stake in shares of Thai Fund, Inc. (The) by 3.1% in the 2nd quarter. Doliver Capital Advisors LP now owns 23,406 shares of the company’s stock worth $203,000 after purchasing an additional 701 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Thai Fund, Inc. (The) by 43.8% in the 2nd quarter. Citigroup Inc. now owns 117,157 shares of the company’s stock worth $1,016,000 after purchasing an additional 35,710 shares during the period. Hedge funds and other institutional investors own 56.06% of the company’s stock.

About Thai Fund, Inc. (The)

The Thai Fund, Inc (the Fund) 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 seeks long-term capital appreciation and integrates top-down sector allocation and bottom-up stock selection with a growth bias.

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