Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Drops By 51.5%

iShares Global Timber & Forestry ETF (NASDAQ:WOODGet Rating) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 4,700 shares, a decline of 51.5% from the April 15th total of 9,700 shares. Based on an average daily trading volume, of 26,000 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently added to or reduced their stakes in WOOD. Richwood Investment Advisors LLC purchased a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter worth $37,000. US Bancorp DE purchased a new stake in iShares Global Timber & Forestry ETF during the first quarter valued at $66,000. Creative Financial Designs Inc. ADV raised its stake in iShares Global Timber & Forestry ETF by 1,653.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 754 shares of the company’s stock valued at $67,000 after purchasing an additional 711 shares in the last quarter. Tompkins Financial Corp purchased a new stake in iShares Global Timber & Forestry ETF during the first quarter valued at $67,000. Finally, Simplex Trading LLC purchased a new stake in iShares Global Timber & Forestry ETF during the first quarter valued at $222,000.

WOOD stock opened at $83.67 on Friday. iShares Global Timber & Forestry ETF has a one year low of $81.73 and a one year high of $95.27. The company’s fifty day moving average price is $89.35 and its 200-day moving average price is $89.00.

iShares Global Timber & Forestry ETF Company Profile (Get Rating)

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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