iShares Latin America 40 ETF (NYSEARCA:ILF) Shares Shorted: Short Interest Down 63.3% in October

iShares Latin America 40 ETF (NYSEARCA:ILF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 916,062 shares, a decline of 63.3% from the September 30th total of 2,492,847 shares. Based on an average daily volume of 3,299,368 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Trading of iShares Latin America 40 ETF

Several large investors have recently made changes to their positions in the stock. Balance Wealth Partners LLC acquired a new position in shares of iShares Latin America 40 ETF during the 3rd quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new stake in iShares Latin America 40 ETF in the 2nd quarter worth approximately $29,000. Bangor Savings Bank acquired a new stake in iShares Latin America 40 ETF in the 3rd quarter worth approximately $38,000. Group One Trading LLC lifted its holdings in iShares Latin America 40 ETF by 1,640.0% in 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 during the last quarter. Finally, William Mack & Associates Inc. bought a new stake in iShares Latin America 40 ETF during the third quarter worth approximately $70,000. Institutional investors own 45.01% of the company’s stock.

iShares Latin America 40 ETF Price Performance

NYSEARCA:ILF traded down $0.26 during trading hours on Thursday, reaching $32.72. The company’s stock had a trading volume of 181,140 shares, compared to its average volume of 3,226,630. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 10.28 and a beta of 0.65. iShares Latin America 40 ETF has a one year low of $29.08 and a one year high of $38.50. The business’s 50-day moving average is $35.81 and its 200-day moving average is $35.19.

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).