Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Rises By 548.9%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 29,200 shares, a growth of 548.9% from the March 31st total of 4,500 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is currently 2.0 days.

iShares Global Timber & Forestry ETF Price Performance

Shares of WOOD stock traded down $0.22 during trading on Thursday, reaching $79.25. The company had a trading volume of 21,842 shares, compared to its average volume of 13,870. The company has a market capitalization of $199.71 million, a PE ratio of 7.09 and a beta of 1.08. The firm’s 50 day simple moving average is $80.74 and its two-hundred day simple moving average is $77.90. iShares Global Timber & Forestry ETF has a one year low of $68.91 and a one year high of $84.93.

Institutional Trading of iShares Global Timber & Forestry ETF

Several large investors have recently modified their holdings of WOOD. Barometer Capital Management Inc. boosted its holdings in iShares Global Timber & Forestry ETF by 3.2% during the fourth quarter. Barometer Capital Management Inc. now owns 6,500 shares of the company’s stock valued at $528,000 after acquiring an additional 200 shares during the period. U S Global Investors Inc. bought a new stake in iShares Global Timber & Forestry ETF during the 1st quarter valued at approximately $30,000. Truist Financial Corp grew its holdings in iShares Global Timber & Forestry ETF by 1.8% in the 4th quarter. Truist Financial Corp now owns 20,989 shares of the company’s stock valued at $1,706,000 after buying an additional 362 shares during the last quarter. Simplex Trading LLC bought a new position in iShares Global Timber & Forestry ETF in the 4th quarter worth approximately $32,000. Finally, Wealthfront Advisers LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 15.4% during the third quarter. Wealthfront Advisers LLC now owns 3,905 shares of the company’s stock worth $289,000 after buying an additional 521 shares during 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.