Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Rises By 95.5%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 25,935 shares, a growth of 95.5% from the May 14th total of 13,266 shares. Based on an average trading volume of 20,809 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the company are sold short.

iShares Global Timber & Forestry ETF Stock Performance

Shares of WOOD traded up $0.78 during mid-day trading on Friday, hitting $68.08. The company’s stock had a trading volume of 4,672 shares, compared to its average volume of 29,296. iShares Global Timber & Forestry ETF has a one year low of $64.53 and a one year high of $83.32. The firm has a market capitalization of $249.17 million, a PE ratio of 16.65 and a beta of 0.75. The stock’s 50-day moving average is $68.58 and its two-hundred day moving average is $71.98.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of iShares Global Timber & Forestry ETF in the third quarter valued at approximately $29,000. Fifth Third Bancorp acquired a new stake in iShares Global Timber & Forestry ETF during the first quarter worth $142,000. JPMorgan Chase & Co. boosted its stake in iShares Global Timber & Forestry ETF by 506.4% during the third quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock worth $153,000 after buying an additional 1,742 shares in the last quarter. Bank of Montreal Can boosted its stake in iShares Global Timber & Forestry ETF by 559.4% during the fourth quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock worth $194,000 after buying an additional 2,288 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in iShares Global Timber & Forestry ETF by 10,636.0% during the first quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock worth $202,000 after buying an additional 2,659 shares in the last quarter.

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