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

iShares Global Timber & Forestry ETF (NASDAQ:WOODGet Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 4,200 shares, a growth of 82.6% from the January 15th total of 2,300 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 0.5 days.

iShares Global Timber & Forestry ETF Stock Up 0.9 %

iShares Global Timber & Forestry ETF stock opened at $76.57 on Tuesday. iShares Global Timber & Forestry ETF has a 52 week low of $68.75 and a 52 week high of $82.05. The firm’s 50-day simple moving average is $78.39 and its 200 day simple moving average is $75.43. The firm has a market capitalization of $197.55 million, a PE ratio of 5.89 and a beta of 1.08.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several institutional investors and hedge funds have recently made changes to their positions in WOOD. Morgan Stanley raised its stake in iShares Global Timber & Forestry ETF by 2.1% in the 4th quarter. Morgan Stanley now owns 15,833 shares of the company’s stock valued at $1,152,000 after purchasing an additional 323 shares during the last quarter. Truist Financial Corp raised its stake 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 purchasing an additional 362 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares Global Timber & Forestry ETF by 1.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 22,317 shares of the company’s stock valued at $1,598,000 after purchasing an additional 378 shares during the last quarter. Simplex Trading LLC acquired a new position in iShares Global Timber & Forestry ETF in the 4th quarter valued at about $32,000. Finally, Wealthfront Advisers LLC increased its stake in shares of iShares Global Timber & Forestry ETF by 15.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,905 shares of the company’s stock valued at $289,000 after acquiring an additional 521 shares during the last quarter.

About iShares Global Timber & Forestry ETF

(Get Free Report)

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.

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