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

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

Institutional Trading of iShares Global Timber & Forestry ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the 2nd quarter worth about $26,000. Quent Capital LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the 3rd quarter worth about $39,000. Creative Financial Designs Inc. ADV grew its position in shares of iShares Global Timber & Forestry ETF by 16.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock worth $77,000 after buying an additional 128 shares during the period. Matrix Trust Co acquired a new position in shares of iShares Global Timber & Forestry ETF during the 2nd quarter worth about $101,000. Finally, Larson Financial Group LLC grew its position in shares of iShares Global Timber & Forestry ETF by 738.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock worth $138,000 after buying an additional 1,411 shares during the period.

iShares Global Timber & Forestry ETF Trading Down 1.8 %

Shares of NASDAQ:WOOD opened at $79.01 on Wednesday. The stock has a market capitalization of $180.14 million, a P/E ratio of 6.98 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 1-year low of $73.56 and a 1-year high of $86.79. The business has a 50-day moving average price of $82.52 and a two-hundred day moving average price of $81.20.

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.