Thai Fund, Inc. (The) (NYSE:TTF) major shareholder City Of London Investment Grou sold 170,435 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $10.75, for a total value of $1,832,176.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Monday, October 9th, City Of London Investment Grou sold 134,287 shares of Thai Fund, Inc. (The) stock. The stock was sold at an average price of $10.52, for a total value of $1,412,699.24.
  • 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 0.28% on Thursday, reaching $10.82. The company had a trading volume of 20,525 shares. The firm’s 50 day moving average is $9.59 and its 200 day moving average is $8.94. Thai Fund, Inc. has a 12 month low of $6.86 and a 12 month high of $10.90.

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A number of large investors have recently bought and sold shares of the stock. Doliver Capital Advisors LP increased its holdings in Thai Fund, Inc. (The) by 3.1% in the second quarter. Doliver Capital Advisors LP now owns 23,406 shares of the company’s stock valued at $203,000 after buying an additional 701 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Thai Fund, Inc. (The) by 30.2% during the second 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 last quarter. Finally, Citigroup Inc. grew its holdings in shares of Thai Fund, Inc. (The) by 43.8% during the second 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 last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.

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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