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 August. As of August 31st, there was short interest totaling 2,563,564 shares, a growth of 117.0% from the August 15th total of 1,181,258 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,566,521 shares, the short-interest ratio is presently 1.0 days.

iShares Latin America 40 ETF Price Performance

iShares Latin America 40 ETF stock opened at $35.51 on Wednesday. The company has a market capitalization of $3.93 billion, a P/E ratio of 10.28 and a beta of 0.68. The business has a 50 day moving average of $34.80 and a 200-day moving average of $34.97. iShares Latin America 40 ETF has a 1 year low of $27.16 and a 1 year high of $38.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of iShares Latin America 40 ETF by 8,903.8% in the first quarter. Hsbc Holdings PLC now owns 2,467,032 shares of the company’s stock valued at $87,629,000 after purchasing an additional 2,439,632 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of iShares Latin America 40 ETF by 149.9% in the 1st quarter. Bank of Nova Scotia now owns 1,107,333 shares of the company’s stock worth $39,332,000 after purchasing an additional 664,200 shares during the period. Bank of America Corp DE lifted its stake in iShares Latin America 40 ETF by 28.4% in the first quarter. Bank of America Corp DE now owns 2,506,803 shares of the company’s stock valued at $89,042,000 after purchasing an additional 554,633 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Latin America 40 ETF by 219.5% during the first quarter. Royal Bank of Canada now owns 679,731 shares of the company’s stock valued at $24,143,000 after purchasing an additional 467,007 shares during the period. Finally, Barry Investment Advisors LLC purchased a new stake in iShares Latin America 40 ETF in the first quarter worth $14,866,000. Institutional investors and hedge funds own 45.01% of the company’s stock.

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).