iShares Global Timber & Forestry ETF (NASDAQ:WOOD – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 36,100 shares, a decline of 22.4% from the September 15th total of 46,500 shares. Based on an average trading volume of 12,400 shares, the short-interest ratio is presently 2.9 days.
Institutional Trading of iShares Global Timber & Forestry ETF
Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in iShares Global Timber & Forestry ETF in the second quarter valued at approximately $26,000. Quent Capital LLC acquired a new position in iShares Global Timber & Forestry ETF during the 1st quarter valued at about $38,000. Matrix Trust Co purchased a new stake in iShares Global Timber & Forestry ETF in the second quarter valued at about $101,000. Stamos Capital Partners L.P. boosted its holdings in iShares Global Timber & Forestry ETF by 6.2% in the first quarter. Stamos Capital Partners L.P. now owns 3,590 shares of the company’s stock worth $303,000 after acquiring an additional 210 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in shares of iShares Global Timber & Forestry ETF by 20.2% during the second quarter. Brookstone Capital Management now owns 3,762 shares of the company’s stock worth $305,000 after acquiring an additional 631 shares during the last quarter.
iShares Global Timber & Forestry ETF Price Performance
Shares of NASDAQ WOOD opened at $84.03 on Monday. iShares Global Timber & Forestry ETF has a 1-year low of $69.22 and a 1-year high of $86.79. The business has a fifty day moving average price of $81.83 and a 200 day moving average price of $81.30. The stock has a market capitalization of $186.55 million, a P/E ratio of 6.98 and a beta of 1.08.
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.
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