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

by · The Markets Daily

iShares Latin America 40 ETF (NYSEARCA:ILF – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,181,258 shares, a decline 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 days-to-cover ratio is presently 0.4 days. Approximately 1.1% of the company’s stock are short sold.

iShares Latin America 40 ETF Stock Down 0.9%

ILF stock traded down $0.30 during trading on Friday, reaching $34.65. The stock had a trading volume of 1,393,820 shares, compared to its average volume of 3,339,062. iShares Latin America 40 ETF has a one year low of $26.59 and a one year high of $38.50. The company’s 50 day moving average is $34.27 and its two-hundred day moving average is $35.03. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.28 and a beta of 0.68.

Hedge Funds Weigh In On iShares Latin America 40 ETF

Institutional investors have recently modified their holdings of the business. Comerica Bank raised its stake in shares of iShares Latin America 40 ETF by 258.0% during the 1st quarter. Comerica Bank now owns 3,036 shares of the company’s stock worth $72,000 after purchasing an additional 2,188 shares during the period. Millennium Management LLC bought a new position in iShares Latin America 40 ETF during the first quarter valued at about $5,240,000. Flow Traders U.S. LLC purchased a new stake in iShares Latin America 40 ETF during the second quarter worth about $285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in iShares Latin America 40 ETF in the second quarter worth about $9,893,000. Finally, Quantinno Capital Management LP raised its position in iShares Latin America 40 ETF by 32.7% in the second quarter. Quantinno Capital Management LP now owns 89,059 shares of the company’s stock worth $2,334,000 after acquiring an additional 21,958 shares during the period. 45.01% of the stock is owned by institutional investors.

About iShares Latin America 40 ETF

(Get Free Report)

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).

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