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

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

Institutional Trading of iShares Global Timber & Forestry ETF

Several large investors have recently added to or reduced their stakes in WOOD. U S Global Investors Inc. bought a new stake in shares of iShares Global Timber & Forestry ETF during the 1st quarter valued at $30,000. Barometer Capital Management Inc. increased its position in iShares Global Timber & Forestry ETF by 3.2% in the fourth quarter. Barometer Capital Management Inc. now owns 6,500 shares of the company’s stock worth $528,000 after buying an additional 200 shares in the last quarter. Cullen Capital Management LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter worth about $203,000. Endowment Wealth Management Inc. purchased a new position in shares of iShares Global Timber & Forestry ETF during the 4th quarter valued at about $202,000. Finally, National Bank of Canada FI grew its stake in shares of iShares Global Timber & Forestry ETF by 50.8% during the 4th quarter. National Bank of Canada FI now owns 4,556 shares of the company’s stock valued at $368,000 after acquiring an additional 1,534 shares during the period.

iShares Global Timber & Forestry ETF Stock Down 0.1 %

iShares Global Timber & Forestry ETF stock opened at $79.41 on Friday. The business has a 50-day simple moving average of $80.81 and a two-hundred day simple moving average of $77.91. iShares Global Timber & Forestry ETF has a 52-week low of $68.91 and a 52-week high of $84.93. The company has a market cap of $200.11 million, a P/E ratio of 7.09 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.