iShares Global Timber & Forestry ETF (NASDAQ:WOOD – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 25,935 shares, a growth of 95.5% from the May 14th total of 13,266 shares. Based on an average daily trading volume, of 20,809 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in WOOD. Bank of America Corp DE lifted its holdings in shares of iShares Global Timber & Forestry ETF by 46.9% during the first quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock valued at $8,622,000 after acquiring an additional 38,778 shares during the period. Flow Traders U.S. LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the third quarter valued at $2,595,000. Comprehensive Money Management Services LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 69.1% during the fourth quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock valued at $2,676,000 after acquiring an additional 15,180 shares during the period. Jane Street Group LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 29.2% during the fourth quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock valued at $2,327,000 after acquiring an additional 7,295 shares during the period. Finally, Cordoba Advisory Partners LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the fourth quarter valued at $474,000.
iShares Global Timber & Forestry ETF Stock Up 1.2%
WOOD traded up $0.78 during trading on Friday, reaching $68.08. 4,672 shares of the company’s stock were exchanged, compared to its average volume of 29,296. iShares Global Timber & Forestry ETF has a fifty-two week low of $64.53 and a fifty-two week high of $83.32. The business has a 50 day moving average price of $68.58 and a 200 day moving average price of $71.98. The company has a market capitalization of $249.17 million, a P/E ratio of 16.65 and a beta of 0.75.
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. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.
Read More
- Five stocks we like better than iShares Global Timber & Forestry ETF
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for iShares Global Timber & Forestry ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Timber & Forestry ETF and related companies with MarketBeat.com's FREE daily email newsletter.
