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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 9,165 shares, a decrease of 85.4% from the August 31st total of 62,838 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,836 shares, the short-interest ratio is presently 0.2 days.

iShares Global Timber & Forestry ETF Stock Up 0.1%

NASDAQ:WOOD traded up $0.08 on Friday, reaching $69.34. 6,852 shares of the company’s stock traded hands, compared to its average volume of 26,429. The stock has a 50-day simple moving average of $71.35 and a 200-day simple moving average of $69.53. The firm has a market cap of $266.27 million, a PE ratio of 16.65 and a beta of 0.74. iShares Global Timber & Forestry ETF has a 12 month low of $64.53 and a 12 month high of $83.32.

Institutional Trading of iShares Global Timber & Forestry ETF

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in iShares Global Timber & Forestry ETF by 303.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,169 shares of the company’s stock worth $7,496,000 after purchasing an additional 85,123 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of iShares Global Timber & Forestry ETF during the second quarter valued at approximately $38,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares Global Timber & Forestry ETF by 83.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,844 shares of the company’s stock worth $785,000 after buying an additional 5,375 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of iShares Global Timber & Forestry ETF in the second quarter worth $1,136,000. Finally, MCF Advisors LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the second quarter worth $107,000.

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. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.