Short Interest in iShares Latin America 40 ETF (NYSEARCA:ILF) Rises By 117.0%

iShares Latin America 40 ETF (NYSEARCA:ILF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,563,564 shares, an increase of 117.0% from the August 15th total of 1,181,258 shares. Based on an average daily volume of 2,566,521 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.4% of the company’s shares are short sold.

Institutional Trading of iShares Latin America 40 ETF

Large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC increased its holdings in iShares Latin America 40 ETF by 273.8% in the first quarter. Apollon Wealth Management LLC now owns 34,168 shares of the company’s stock worth $1,214,000 after purchasing an additional 25,027 shares in the last quarter. HighTower Advisors LLC lifted its stake in iShares Latin America 40 ETF by 24.8% in the fourth quarter. HighTower Advisors LLC now owns 658,396 shares of the company’s stock valued at $20,048,000 after buying an additional 130,929 shares during the period. D.A. Davidson & CO. bought a new position in shares of iShares Latin America 40 ETF during the 1st quarter worth approximately $2,551,000. Kera Capital Partners Inc. boosted its holdings in shares of iShares Latin America 40 ETF by 11.8% during the 4th quarter. Kera Capital Partners Inc. now owns 323,234 shares of the company’s stock worth $9,842,000 after buying an additional 34,080 shares in the last quarter. Finally, Waystone Advisors LLC acquired a new stake in shares of iShares Latin America 40 ETF during the 4th quarter worth approximately $472,000. 45.01% of the stock is currently owned by institutional investors and hedge funds.

iShares Latin America 40 ETF Price Performance

NYSEARCA ILF traded down $0.42 during mid-day trading on Monday, reaching $35.55. 2,154,700 shares of the stock were exchanged, compared to its average volume of 3,331,991. iShares Latin America 40 ETF has a one year low of $27.16 and a one year high of $38.50. The stock has a 50 day simple moving average of $34.73 and a 200-day simple moving average of $34.99. The stock has a market cap of $3.87 billion, a P/E ratio of 10.28 and a beta of 0.68.

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).