Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Decreases By 61.5%

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

iShares Global Timber & Forestry ETF Stock Performance

Shares of WOOD opened at $78.15 on Friday. iShares Global Timber & Forestry ETF has a fifty-two week low of $73.83 and a fifty-two week high of $86.79. The firm has a market cap of $178.18 million, a price-to-earnings ratio of 6.98 and a beta of 1.08. The firm has a 50 day moving average price of $82.45 and a 200-day moving average price of $81.18.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of iShares Global Timber & Forestry ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 32,675 shares of the company’s stock valued at $2,561,000 after buying an additional 518 shares during the last quarter. 1832 Asset Management L.P. increased its stake in iShares Global Timber & Forestry ETF by 2.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 250,221 shares of the company’s stock worth $19,610,000 after purchasing an additional 6,268 shares during the period. Truist Financial Corp lifted its position in iShares Global Timber & Forestry ETF by 2.4% in the second quarter. Truist Financial Corp now owns 32,463 shares of the company’s stock valued at $2,544,000 after purchasing an additional 766 shares during the last quarter. Brookstone Capital Management boosted its stake 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 valued at $305,000 after purchasing an additional 631 shares during the period. Finally, Fortis Group Advisors LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the second quarter worth approximately $1,854,000.

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.