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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,100 shares, a decrease of 61.5% from the October 15th total of 39,200 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 0.9 days.

iShares Global Timber & Forestry ETF Price Performance

Shares of WOOD opened at $78.15 on Friday. iShares Global Timber & Forestry ETF has a 1 year low of $73.83 and a 1 year high of $86.79. The stock’s fifty day moving average price is $82.45 and its two-hundred day moving average price is $81.18. The firm has a market cap of $178.18 million, a PE ratio of 6.98 and a beta of 1.08.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stamos Capital Partners L.P. increased its stake in shares of 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 purchasing an additional 210 shares in the last quarter. Lynx Investment Advisory purchased a new position in iShares Global Timber & Forestry ETF in the 2nd quarter valued at approximately $2,070,000. Matrix Trust Co bought a new stake in iShares Global Timber & Forestry ETF during the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC lifted its position in shares of iShares Global Timber & Forestry ETF by 1.3% during the second quarter. Northwest Investment Counselors LLC now owns 191,813 shares of the company’s stock worth $15,032,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Brookstone Capital Management lifted its position 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 in 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.