iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 82.6% in January

iShares Global Timber & Forestry ETF (NASDAQ:WOODGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,200 shares, a growth of 82.6% from the January 15th total of 2,300 shares. Based on an average daily volume of 9,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1832 Asset Management L.P. grew its holdings in shares of iShares Global Timber & Forestry ETF by 0.6% in the second quarter. 1832 Asset Management L.P. now owns 250,325 shares of the company’s stock worth $17,947,000 after purchasing an additional 1,557 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Global Timber & Forestry ETF by 18.6% in the first quarter. Bank of America Corp DE now owns 221,448 shares of the company’s stock worth $19,781,000 after purchasing an additional 34,804 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of iShares Global Timber & Forestry ETF by 148.9% in the second quarter. Jane Street Group LLC now owns 144,321 shares of the company’s stock worth $10,739,000 after purchasing an additional 86,334 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Global Timber & Forestry ETF by 6.1% in the second quarter. LPL Financial LLC now owns 30,247 shares of the company’s stock valued at $2,251,000 after acquiring an additional 1,732 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in iShares Global Timber & Forestry ETF in the fourth quarter valued at $2,192,000.

iShares Global Timber & Forestry ETF Stock Up 0.8 %

Shares of iShares Global Timber & Forestry ETF stock traded up $0.64 on Monday, hitting $76.53. The stock had a trading volume of 6,573 shares, compared to its average volume of 9,785. iShares Global Timber & Forestry ETF has a one year low of $68.75 and a one year high of $82.05. The stock has a market cap of $197.45 million, a price-to-earnings ratio of 5.89 and a beta of 1.08. The stock’s 50-day simple moving average is $78.40 and its two-hundred day simple moving average is $75.43.

iShares Global Timber & Forestry ETF Company Profile

(Get Free Report)

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.

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