iShares Latin America 40 ETF (NYSEARCA:ILF) Sees Large Growth in Short Interest

iShares Latin America 40 ETF (NYSEARCA:ILF) 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. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 2,149,476 shares, the short-interest ratio is presently 1.1 days.

iShares Latin America 40 ETF Trading Up 0.5%

ILF stock traded up $0.18 during mid-day trading on Friday, reaching $33.60. 2,100,396 shares of the stock traded hands, compared to its average volume of 3,404,680. The company has a market cap of $3.65 billion, a P/E ratio of 10.28 and a beta of 0.68. iShares Latin America 40 ETF has a 52-week low of $25.71 and a 52-week high of $38.50. The stock’s fifty day moving average is $34.18 and its 200-day moving average is $35.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van Den Berg Management I Inc. purchased a new position in iShares Latin America 40 ETF in the fourth quarter valued at about $40,000. Group One Trading LLC raised 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 purchasing an additional 1,640 shares during the period. Private Trust Co. NA lifted 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 acquiring an additional 726 shares during the last quarter. Fifth Third Bancorp bought a new stake in iShares Latin America 40 ETF during the 1st quarter valued at approximately $89,000. Finally, Comerica Bank grew its stake in shares of iShares Latin America 40 ETF by 258.0% in the first quarter. Comerica Bank now owns 3,036 shares of the company’s stock worth $72,000 after acquiring an additional 2,188 shares during the last quarter. 45.01% of the stock is owned by hedge funds and other institutional investors.

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).