iShares Latin America 40 ETF (NYSEARCA:ILF) Short Interest Down 33.3% in May

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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,309,425 shares, the days-to-cover ratio is presently 0.2 days.

iShares Latin America 40 ETF Price Performance

ILF stock opened at $34.41 on Tuesday. The company has a 50 day simple moving average of $35.73 and a 200 day simple moving average of $34.30. The stock has a market cap of $4.70 billion, a price-to-earnings 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.

Hedge Funds Weigh In On iShares Latin America 40 ETF

A number of institutional investors have recently added to or reduced their stakes in ILF. Game Plan Financial Advisors LLC acquired a new position in iShares Latin America 40 ETF during the 4th quarter worth approximately $36,000. Van Den Berg Management I Inc. acquired a new position in iShares Latin America 40 ETF during the 4th quarter worth approximately $40,000. Private Trust Co. NA increased its position in iShares Latin America 40 ETF by 61.4% during the 4th quarter. Private Trust Co. NA now owns 1,909 shares of the company’s stock worth $58,000 after purchasing an additional 726 shares in the last quarter. Group One Trading LLC increased its position in iShares Latin America 40 ETF by 1,640.0% during the 1st quarter. Group One Trading LLC now owns 1,740 shares of the company’s stock worth $62,000 after purchasing an additional 1,640 shares in the last quarter. Finally, IFP Advisors Inc increased its position in iShares Latin America 40 ETF by 1,095.3% during the 3rd quarter. IFP Advisors Inc now owns 2,295 shares of the company’s stock worth $66,000 after purchasing an additional 2,103 shares in the last quarter. 45.01% of the stock is currently owned by institutional investors and hedge funds.

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).