iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Update

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 12,800 shares, a decline of 57.5% from the February 28th total of 30,100 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several hedge funds and other institutional investors have recently bought and sold shares of WOOD. Endowment Wealth Management Inc. grew its position in shares of iShares Global Timber & Forestry ETF by 2.2% during the fourth quarter. Endowment Wealth Management Inc. now owns 6,292 shares of the company’s stock worth $480,000 after buying an additional 134 shares in the last quarter. MML Investors Services LLC boosted its stake in iShares Global Timber & Forestry ETF by 5.4% during the 3rd quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock valued at $270,000 after acquiring an additional 161 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in iShares Global Timber & Forestry ETF during the 4th quarter worth $25,000. Transce3nd LLC acquired a new position in iShares Global Timber & Forestry ETF during the 4th quarter worth $26,000. Finally, LRI Investments LLC bought a new stake in shares of iShares Global Timber & Forestry ETF in the 3rd quarter worth about $31,000.

iShares Global Timber & Forestry ETF Stock Performance

NASDAQ:WOOD opened at $76.17 on Thursday. The stock has a market cap of $237.65 million, a price-to-earnings ratio of 17.28 and a beta of 1.08. iShares Global Timber & Forestry ETF has a one year low of $74.66 and a one year high of $86.79. The business’s 50-day simple moving average is $78.74 and its 200 day simple moving average is $79.88.

About iShares Global Timber & Forestry ETF

iShares Global Timber & Forestry ETF, formerly iShares S&P Global Timber & Forestry Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Timber & Forestry Index (the Index). The Index consists of approximately 25 publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands.