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

iShares Latin America 40 ETF (NYSEARCA:ILF) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 2,034,776 shares, a growth of 92.6% from the February 26th total of 1,056,550 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 4,653,496 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Game Plan Financial Advisors LLC purchased a new position in shares of iShares Latin America 40 ETF in the 4th quarter valued at approximately $36,000. Van Den Berg Management I Inc. bought a new position in iShares Latin America 40 ETF in the fourth quarter worth $40,000. Private Trust Co. NA raised its holdings in iShares Latin America 40 ETF by 61.4% in the fourth quarter. Private Trust Co. NA now owns 1,909 shares of the company’s stock worth $58,000 after purchasing an additional 726 shares in the last quarter. IFP Advisors Inc lifted its position in iShares Latin America 40 ETF by 1,095.3% during the third quarter. IFP Advisors Inc now owns 2,295 shares of the company’s stock valued at $66,000 after buying an additional 2,103 shares during the period. Finally, Sound Income Strategies LLC lifted its position in iShares Latin America 40 ETF by 35.7% during the third quarter. Sound Income Strategies LLC now owns 2,553 shares of the company’s stock valued at $71,000 after buying an additional 671 shares during the period. Hedge funds and other institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Price Performance

ILF stock traded down $0.22 during trading on Friday, reaching $33.88. The company had a trading volume of 1,766,970 shares, compared to its average volume of 4,445,738. iShares Latin America 40 ETF has a 52 week low of $20.97 and a 52 week high of $37.42. The company has a market cap of $3.85 billion, a P/E ratio of 10.28 and a beta of 0.90. The business has a 50 day moving average of $35.22 and a 200 day moving average of $31.69.

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).