Thai Fund, Inc. (The) (NYSE:TTF) major shareholder City Of London Investment Grou sold 134,287 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $10.52, for a total value of $1,412,699.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 4th, City Of London Investment Grou sold 1,600 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $10.57, for a total value of $16,912.00.
  • 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 value 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 value of $198,031.68.

Shares of Thai Fund, Inc. (NYSE:TTF) traded up 1.71% during midday trading on Tuesday, reaching $10.70. The company’s stock had a trading volume of 76,728 shares. The stock’s 50-day moving average price is $9.47 and its 200-day moving average price is $8.91. Thai Fund, Inc. has a 12-month low of $6.86 and a 12-month high of $10.71.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Doliver Capital Advisors LP increased its holdings 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 valued at $203,000 after acquiring an additional 701 shares during the last quarter. Proficio Capital Partners LLC increased its holdings 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 valued at $661,000 after acquiring an additional 17,110 shares during the last quarter. Finally, Citigroup Inc. increased its holdings 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 valued at $1,016,000 after acquiring an additional 35,710 shares during the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

Thai Fund, Inc. (The) Company Profile

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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