iShares Latin America 40 ETF (NYSEARCA:ILF) Sees Large Decrease in Short Interest

iShares Latin America 40 ETF (NYSEARCA:ILF) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,181,258 shares, a drop of 48.5% from the July 30th total of 2,292,096 shares. Based on an average daily volume of 3,149,366 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Trading of iShares Latin America 40 ETF

A number of hedge funds have recently bought and sold shares of ILF. Van Den Berg Management I Inc. acquired a new position in iShares Latin America 40 ETF in the fourth quarter valued at about $40,000. Group One Trading LLC increased its position in shares of iShares Latin America 40 ETF by 1,640.0% during the first quarter. Group One Trading LLC now owns 1,740 shares of the company’s stock worth $62,000 after purchasing an additional 1,640 shares in the last quarter. Comerica Bank grew its position in shares of iShares Latin America 40 ETF by 258.0% during the first quarter. Comerica Bank now owns 3,036 shares of the company’s stock worth $72,000 after acquiring an additional 2,188 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of iShares Latin America 40 ETF in the first quarter valued at about $89,000. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares Latin America 40 ETF in the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 45.01% of the company’s stock.

iShares Latin America 40 ETF Trading Up 0.7%

Shares of ILF stock opened at $34.90 on Tuesday. The company has a market cap of $3.80 billion, a PE ratio of 10.28 and a beta of 0.68. The business’s fifty day simple moving average is $34.29 and its 200-day simple moving average is $35.01. iShares Latin America 40 ETF has a 12-month low of $26.59 and a 12-month high of $38.50.

iShares Latin America 40 ETF Company Profile

iShares S & P Latin America 40 Index Fund, formerly iShares Latin America 40 ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Latin America 40 (the Index). The Index consists of selected equities trading on the exchanges of five Latin American countries. The Index includes securities that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P).