iShares Latin America 40 ETF (NYSEARCA:ILF – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 916,062 shares, a decline of 63.3% from the September 30th total of 2,492,847 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 3,299,368 shares, the days-to-cover ratio is presently 0.3 days.
iShares Latin America 40 ETF Trading Down 1.7%
NYSEARCA ILF traded down $0.55 on Friday, hitting $32.13. 2,657,762 shares of the company were exchanged, compared to its average volume of 3,233,137. The company has a market cap of $3.38 billion, a PE ratio of 10.28 and a beta of 0.65. The stock has a fifty day moving average of $35.79 and a 200-day moving average of $35.19. iShares Latin America 40 ETF has a 12 month low of $29.08 and a 12 month high of $38.50.
Hedge Funds Weigh In On iShares Latin America 40 ETF
Several hedge funds and other institutional investors have recently modified their holdings of ILF. Balance Wealth Partners LLC purchased a new stake in shares of iShares Latin America 40 ETF during the 3rd quarter worth about $25,000. Integrated Wealth Concepts LLC acquired a new position in iShares Latin America 40 ETF in the second quarter valued at about $29,000. Bangor Savings Bank acquired a new position in iShares Latin America 40 ETF in the 3rd quarter worth $38,000. Group One Trading LLC boosted its position in shares of iShares Latin America 40 ETF by 1,640.0% in the first quarter. Group One Trading LLC now owns 1,740 shares of the company’s stock valued at $62,000 after acquiring an additional 1,640 shares during the period. Finally, William Mack & Associates Inc. bought a new position in iShares Latin America 40 ETF in the 3rd quarter valued at approximately $70,000. 45.01% of the stock is owned by hedge funds and other institutional investors.
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).
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