iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Sees Large Increase in Short Interest

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant growth in short interest during 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 daily 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 short sold.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several large investors have recently modified their holdings of WOOD. Bank of America Corp DE raised its stake in shares of iShares Global Timber & Forestry ETF by 46.9% during the first quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock worth $8,622,000 after purchasing an additional 38,778 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in iShares Global Timber & Forestry ETF during the third quarter worth $2,595,000. Comprehensive Money Management Services LLC grew its holdings in iShares Global Timber & Forestry ETF by 69.1% during the fourth quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock worth $2,676,000 after acquiring an additional 15,180 shares during the period. Jane Street Group LLC grew its holdings in iShares Global Timber & Forestry ETF by 29.2% during the fourth quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock worth $2,327,000 after acquiring an additional 7,295 shares during the period. Finally, Cordoba Advisory Partners LLC acquired a new position in iShares Global Timber & Forestry ETF during the fourth quarter worth $474,000.

iShares Global Timber & Forestry ETF Trading Up 1.5%

Shares of iShares Global Timber & Forestry ETF stock traded up $0.99 during trading hours on Monday, hitting $69.07. 10,615 shares of the company were exchanged, compared to its average volume of 29,125. iShares Global Timber & Forestry ETF has a 1 year low of $64.53 and a 1 year high of $83.32. The business has a 50-day moving average of $68.58 and a 200-day moving average of $72.01. The stock has a market capitalization of $252.80 million, a price-to-earnings ratio of 16.65 and a beta of 0.75.

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.