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

iShares Latin America 40 ETF (NYSEARCA:ILF) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 550,526 shares, a decline of 33.3% from the May 14th total of 824,782 shares. Based on an average daily trading volume, of 2,309,425 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

iShares Latin America 40 ETF Stock Performance

ILF opened at $34.07 on Thursday. iShares Latin America 40 ETF has a one year low of $24.67 and a one year high of $38.50. The stock’s fifty day moving average is $35.67 and its 200-day moving average is $34.35. The company has a market capitalization of $4.65 billion, a PE ratio of 10.28 and a beta of 0.68.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ILF. Comerica Bank grew its stake in iShares Latin America 40 ETF by 258.0% in the first quarter. Comerica Bank now owns 3,036 shares of the company’s stock valued at $72,000 after purchasing an additional 2,188 shares in the last quarter. Millennium Management LLC purchased a new position in iShares Latin America 40 ETF in the first quarter valued at about $5,240,000. Flow Traders U.S. LLC purchased a new position in iShares Latin America 40 ETF in the second quarter valued at about $285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in iShares Latin America 40 ETF in the second quarter valued at about $9,893,000. Finally, Quantinno Capital Management LP grew its stake in iShares Latin America 40 ETF by 32.7% in the second quarter. Quantinno Capital Management LP now owns 89,059 shares of the company’s stock valued at $2,334,000 after purchasing an additional 21,958 shares in the last quarter. 45.01% of the stock is 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).