iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Sees Large Decrease in Short Interest

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,100 shares, a drop of 45.0% from the March 31st total of 12,900 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in iShares Global Timber & Forestry ETF in the 1st quarter valued at about $14,366,000. Essential Planning LLC. bought a new stake in shares of iShares Global Timber & Forestry ETF in the fourth quarter valued at approximately $2,411,000. Jane Street Group LLC grew its position in iShares Global Timber & Forestry ETF by 212.6% during the fourth quarter. Jane Street Group LLC now owns 35,759 shares of the company’s stock worth $2,730,000 after buying an additional 24,321 shares in the last quarter. Comprehensive Money Management Services LLC bought a new position in iShares Global Timber & Forestry ETF during the 4th quarter worth $1,659,000. Finally, Cullen Capital Management LLC acquired a new position in iShares Global Timber & Forestry ETF in the 4th quarter valued at $908,000.

iShares Global Timber & Forestry ETF Price Performance

Shares of NASDAQ WOOD opened at $73.13 on Wednesday. The firm has a market cap of $201.84 million, a price-to-earnings ratio of 14.53 and a beta of 1.08. The stock’s fifty day moving average price is $74.76 and its two-hundred day moving average price is $77.72. iShares Global Timber & Forestry ETF has a one year low of $66.25 and a one year high of $86.79.

iShares Global Timber & Forestry ETF Company Profile

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.