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

iShares Latin America 40 ETF (NYSEARCA:ILF) saw a significant 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,918,490 shares, the days-to-cover ratio is presently 0.2 days.

iShares Latin America 40 ETF Stock Performance

Shares of iShares Latin America 40 ETF stock traded up $0.10 during trading on Thursday, hitting $35.39. 1,894,596 shares of the stock were exchanged, compared to its average volume of 4,076,638. The stock’s fifty day moving average is $35.65 and its 200 day moving average is $33.60. The stock has a market cap of $4.83 billion, a PE ratio of 10.28 and a beta of 0.70. iShares Latin America 40 ETF has a 12 month low of $24.67 and a 12 month high of $38.50.

Institutional Investors Weigh In On iShares Latin America 40 ETF

Several large investors have recently made changes to their positions in ILF. Comerica Bank boosted its position in shares of iShares Latin America 40 ETF by 258.0% during the first quarter. Comerica Bank now owns 3,036 shares of the company’s stock worth $72,000 after buying an additional 2,188 shares during the period. Millennium Management LLC bought a new position in iShares Latin America 40 ETF in the 1st quarter worth approximately $5,240,000. Flow Traders U.S. LLC acquired a new stake in iShares Latin America 40 ETF in the 2nd quarter valued at approximately $285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in iShares Latin America 40 ETF during the 2nd quarter valued at $9,893,000. Finally, Quantinno Capital Management LP raised its stake in iShares Latin America 40 ETF by 32.7% during the 2nd quarter. Quantinno Capital Management LP now owns 89,059 shares of the company’s stock valued at $2,334,000 after acquiring an additional 21,958 shares in the last quarter. Institutional investors and hedge funds 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).