Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Declines By 57.5%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 12,800 shares, a decline of 57.5% from the February 28th total of 30,100 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 23,200 shares, the short-interest ratio is presently 0.6 days.

iShares Global Timber & Forestry ETF Stock Performance

Shares of WOOD stock opened at $76.24 on Friday. The company has a market capitalization of $237.86 million, a price-to-earnings ratio of 17.28 and a beta of 1.08. iShares Global Timber & Forestry ETF has a one year low of $74.66 and a one year high of $86.79. The company’s 50-day moving average is $78.72 and its 200 day moving average is $79.86.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in iShares Global Timber & Forestry ETF by 212.6% in the 4th quarter. Jane Street Group LLC now owns 35,759 shares of the company’s stock worth $2,730,000 after acquiring an additional 24,321 shares during the last quarter. Essential Planning LLC. purchased a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter worth $2,411,000. Lynx Investment Advisory raised its stake in shares of iShares Global Timber & Forestry ETF by 2.5% in the fourth quarter. Lynx Investment Advisory now owns 27,022 shares of the company’s stock worth $2,063,000 after purchasing an additional 656 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter valued at $1,659,000. Finally, Wealthfront Advisers LLC increased its holdings in iShares Global Timber & Forestry ETF by 269.3% in the 4th quarter. Wealthfront Advisers LLC now owns 13,455 shares of the company’s stock worth $1,027,000 after buying an additional 9,812 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.