Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Grows By 548.9%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 29,200 shares, a growth of 548.9% from the March 31st total of 4,500 shares. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of iShares Global Timber & Forestry ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. bought a new position in shares of iShares Global Timber & Forestry ETF in the 1st quarter valued at $30,000. Simplex Trading LLC bought a new position in iShares Global Timber & Forestry ETF in the fourth quarter valued at about $32,000. Millburn Ridgefield Corp acquired a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter valued at about $84,000. Endowment Wealth Management Inc. bought a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter worth about $202,000. Finally, Cullen Capital Management LLC acquired a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter valued at approximately $203,000.

iShares Global Timber & Forestry ETF Price Performance

WOOD stock opened at $79.11 on Friday. The stock has a market cap of $199.36 million, a price-to-earnings ratio of 7.09 and a beta of 1.08. The company has a 50 day simple moving average of $80.86 and a 200 day simple moving average of $77.95. iShares Global Timber & Forestry ETF has a 1 year low of $68.91 and a 1 year high of $84.93.

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.