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

iShares Latin America 40 ETF (NYSEARCA:ILF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 566,003 shares, a drop of 88.2% from the April 15th total of 4,803,174 shares. Based on an average daily volume of 2,918,490 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

iShares Latin America 40 ETF Trading Up 0.3%

Shares of ILF stock traded up $0.10 during trading hours on Thursday, hitting $35.39. 1,894,596 shares of the company were exchanged, compared to its average volume of 4,076,638. The firm has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $33.56. iShares Latin America 40 ETF has a 52-week low of $24.67 and a 52-week high of $38.50. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 10.28 and a beta of 0.70.

Institutional Investors Weigh In On iShares Latin America 40 ETF

Large investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC purchased a new stake in shares of iShares Latin America 40 ETF during the 4th quarter worth approximately $36,000. Van Den Berg Management I Inc. purchased a new stake in shares of iShares Latin America 40 ETF during the 4th quarter worth approximately $40,000. Group One Trading LLC increased its stake in shares of iShares Latin America 40 ETF by 1,640.0% during the 1st 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 during the last quarter. Private Trust Co. NA increased its stake in shares of iShares Latin America 40 ETF by 61.4% during the 4th quarter. Private Trust Co. NA now owns 1,909 shares of the company’s stock worth $58,000 after purchasing an additional 726 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of iShares Latin America 40 ETF by 1,095.3% during the 3rd quarter. IFP Advisors Inc now owns 2,295 shares of the company’s stock worth $66,000 after purchasing an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 45.01% of the company’s stock.

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).