iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Sees Large Increase in Short Interest

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 29,200 shares, a growth of 548.9% from the March 31st total of 4,500 shares. Based on an average trading volume of 14,800 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. U S Global Investors Inc. acquired a new position in shares of iShares Global Timber & Forestry ETF in the first quarter valued at approximately $30,000. Simplex Trading LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter worth approximately $32,000. Millburn Ridgefield Corp purchased a new position in iShares Global Timber & Forestry ETF in the fourth quarter worth approximately $84,000. Endowment Wealth Management Inc. acquired a new position in iShares Global Timber & Forestry ETF during the 4th quarter worth approximately $202,000. Finally, Cullen Capital Management LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF in the 4th quarter valued at approximately $203,000.

iShares Global Timber & Forestry ETF Trading Down 0.1 %

NASDAQ WOOD opened at $79.41 on Friday. The stock has a fifty day simple moving average of $80.81 and a 200-day simple moving average of $77.91. iShares Global Timber & Forestry ETF has a twelve month low of $68.91 and a twelve month high of $84.93. The stock has a market cap of $200.11 million, a PE ratio of 7.09 and a beta of 1.08.

About iShares Global Timber & Forestry ETF

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.