iShares Latin America 40 ETF (NYSEARCA:ILF) Stock Short Interest Falls 63.3%

iShares Latin America 40 ETF (NYSEARCA:ILF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 916,062 shares, a drop of 63.3% from the September 30th total of 2,492,847 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 3,299,368 shares, the short-interest ratio is presently 0.3 days.

iShares Latin America 40 ETF Stock Down 0.8%

Shares of ILF stock traded down $0.26 during trading hours on Thursday, reaching $32.72. 181,140 shares of the stock traded hands, compared to its average volume of 3,226,630. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.28 and a beta of 0.65. iShares Latin America 40 ETF has a 1-year low of $29.08 and a 1-year high of $38.50. The business has a fifty day moving average price of $35.81 and a 200 day moving average price of $35.19.

Institutional Trading of iShares Latin America 40 ETF

A number of hedge funds have recently modified their holdings of ILF. Verus Financial Partners Inc. bought a new stake in shares of iShares Latin America 40 ETF in the 3rd quarter valued at approximately $565,000. Global Assets Advisory LLC raised its position in iShares Latin America 40 ETF by 56.6% during the third quarter. Global Assets Advisory LLC now owns 16,676 shares of the company’s stock valued at $635,000 after acquiring an additional 6,025 shares in the last quarter. United Asset Strategies Inc. bought a new position in iShares Latin America 40 ETF during the third quarter valued at approximately $239,000. D.A. Davidson & CO. acquired a new stake in iShares Latin America 40 ETF in the third quarter valued at approximately $2,907,000. Finally, William Mack & Associates Inc. acquired a new stake in iShares Latin America 40 ETF in the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 45.01% of the company’s stock.

About iShares Latin America 40 ETF

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).