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

iShares Latin America 40 ETF (NYSEARCA:ILF) was the target of a large growth in short interest during 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. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,149,476 shares, the short-interest ratio is currently 1.1 days.

iShares Latin America 40 ETF Stock Performance

Shares of iShares Latin America 40 ETF stock traded up $0.18 on Friday, hitting $33.60. The company had a trading volume of 2,100,396 shares, compared to its average volume of 3,404,680. The stock has a market capitalization of $3.65 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 $25.71 and a 1 year high of $38.50. The stock has a 50 day moving average of $34.17 and a 200-day moving average of $35.16.

Institutional Investors Weigh In On iShares Latin America 40 ETF

Several institutional investors have recently bought and sold shares of ILF. Hsbc Holdings PLC lifted its stake in iShares Latin America 40 ETF by 8,903.8% during the 1st quarter. Hsbc Holdings PLC now owns 2,467,032 shares of the company’s stock valued at $87,629,000 after acquiring an additional 2,439,632 shares in the last quarter. CI Investments Inc. grew its stake in shares of iShares Latin America 40 ETF by 10,566.0% in the 4th quarter. CI Investments Inc. now owns 2,133,200 shares of the company’s stock worth $64,956,000 after acquiring an additional 2,113,200 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of iShares Latin America 40 ETF in the fourth quarter valued at about $27,320,000. Marks Wealth LLC purchased a new stake in shares of iShares Latin America 40 ETF in the fourth quarter valued at about $20,700,000. Finally, Bank of Nova Scotia raised its holdings in shares of iShares Latin America 40 ETF by 149.9% in the first quarter. Bank of Nova Scotia now owns 1,107,333 shares of the company’s stock valued at $39,332,000 after purchasing an additional 664,200 shares during the last quarter. Institutional investors own 45.01% of the company’s stock.

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).