iShares Latin America 40 ETF (NYSEARCA:ILF) Sees Significant Drop in Short Interest

iShares Latin America 40 ETF (NYSEARCA:ILF) was the target of a large 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. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 3,299,368 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Latin America 40 ETF

Institutional investors have recently made changes to their positions in the company. Balance Wealth Partners LLC purchased a new position in iShares Latin America 40 ETF during the third quarter worth $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Latin America 40 ETF in the second quarter valued at $29,000. Bangor Savings Bank purchased a new stake in shares of iShares Latin America 40 ETF in the third quarter valued at $38,000. Group One Trading LLC lifted its holdings in shares of iShares Latin America 40 ETF by 1,640.0% in the 1st quarter. Group One Trading LLC now owns 1,740 shares of the company’s stock worth $62,000 after acquiring an additional 1,640 shares during the last quarter. Finally, William Mack & Associates Inc. bought a new stake in shares of iShares Latin America 40 ETF in the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Stock Down 1.7%

iShares Latin America 40 ETF stock traded down $0.55 during trading hours on Friday, hitting $32.13. The stock had a trading volume of 2,657,762 shares, compared to its average volume of 3,233,137. The stock has a market capitalization of $3.38 billion, a P/E ratio of 10.28 and a beta of 0.65. iShares Latin America 40 ETF has a 12-month low of $29.08 and a 12-month high of $38.50. The stock’s 50-day moving average price is $35.76 and its 200-day moving average price is $35.19.

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).