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

iShares Latin America 40 ETF (NYSEARCA:ILF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 550,526 shares, a decrease of 33.3% from the May 14th total of 824,782 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,309,425 shares, the short-interest ratio is currently 0.2 days.

iShares Latin America 40 ETF Trading Up 1.8%

NYSEARCA ILF traded up $0.63 on Wednesday, hitting $34.93. 757,825 shares of the company were exchanged, compared to its average volume of 3,786,204. The firm has a 50 day moving average of $35.70 and a two-hundred day moving average of $34.33. The company has a market cap of $4.77 billion, a P/E ratio of 10.28 and a beta of 0.68. iShares Latin America 40 ETF has a 1-year low of $24.67 and a 1-year high of $38.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ILF. Parallel Advisors LLC raised its position in shares of iShares Latin America 40 ETF by 13.4% in the 1st quarter. Parallel Advisors LLC now owns 8,474 shares of the company’s stock valued at $301,000 after acquiring an additional 1,000 shares during the period. NewEdge Advisors LLC raised its position in shares of iShares Latin America 40 ETF by 16.4% in the 1st quarter. NewEdge Advisors LLC now owns 10,338 shares of the company’s stock valued at $367,000 after acquiring an additional 1,456 shares during the period. Norris Financial Group LLC acquired a new stake in shares of iShares Latin America 40 ETF in the 1st quarter valued at approximately $333,000. Bank of America Corp DE raised its position in shares of iShares Latin America 40 ETF by 28.4% in the 1st quarter. Bank of America Corp DE now owns 2,506,803 shares of the company’s stock valued at $89,042,000 after acquiring an additional 554,633 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in iShares Latin America 40 ETF during the 1st quarter worth approximately $479,000. 45.01% of the stock is currently owned by institutional investors and hedge funds.

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).