iShares Latin America 40 ETF (NYSEARCA:ILF – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,292,096 shares, a growth of 139.1% from the July 15th total of 958,580 shares. Based on an average daily trading volume, of 2,149,476 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.1% of the company’s shares are short sold.
Hedge Funds Weigh In On iShares Latin America 40 ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of iShares Latin America 40 ETF by 8,903.8% during the first quarter. Hsbc Holdings PLC now owns 2,467,032 shares of the company’s stock worth $87,629,000 after purchasing an additional 2,439,632 shares during the period. CI Investments Inc. raised its position in iShares Latin America 40 ETF by 10,566.0% during the 4th quarter. CI Investments Inc. now owns 2,133,200 shares of the company’s stock worth $64,956,000 after purchasing an additional 2,113,200 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in iShares Latin America 40 ETF during the 4th quarter worth $27,320,000. Marks Wealth LLC acquired a new position in iShares Latin America 40 ETF during the 4th quarter worth about $20,700,000. Finally, Bank of Nova Scotia lifted its holdings in iShares Latin America 40 ETF by 149.9% during the 1st quarter. Bank of Nova Scotia now owns 1,107,333 shares of the company’s stock worth $39,332,000 after buying an additional 664,200 shares during the period. 45.01% of the stock is currently owned by institutional investors and hedge funds.
iShares Latin America 40 ETF Price Performance
Shares of NYSEARCA ILF opened at $33.60 on Friday. The company has a 50 day simple moving average of $34.18 and a 200 day simple moving average of $35.15. The firm has a market cap of $3.65 billion, a PE ratio of 10.28 and a beta of 0.68. iShares Latin America 40 ETF has a 1 year low of $25.71 and a 1 year high of $38.50.
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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