iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Update

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 12,800 shares, a decline of 57.5% from the February 28th total of 30,100 shares. Based on an average trading volume of 23,200 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

iShares Global Timber & Forestry ETF Trading Down 0.7 %

Shares of iShares Global Timber & Forestry ETF stock opened at $75.79 on Friday. iShares Global Timber & Forestry ETF has a 12-month low of $74.66 and a 12-month high of $86.79. The company has a market cap of $236.46 million, a P/E ratio of 17.28 and a beta of 1.08. The company’s fifty day simple moving average is $78.67 and its two-hundred day simple moving average is $79.83.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA bought a new stake in iShares Global Timber & Forestry ETF during the 4th quarter valued at approximately $25,000. Transce3nd LLC bought a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in iShares Global Timber & Forestry ETF in the third quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in iShares Global Timber & Forestry ETF in the fourth quarter worth $44,000. Finally, Larson Financial Group LLC lifted its position in iShares Global Timber & Forestry ETF by 738.7% during the third quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock valued at $138,000 after buying an additional 1,411 shares during the period.

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.