iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 2,871.2% in March

Posted by ABMN Staff on Apr 11th, 2024

iShares Global Timber & Forestry ETF (NASDAQ:WOOD – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 216,900 shares, an increase of 2,871.2% from the March 15th total of 7,300 shares. Based on an average trading volume of 34,400 shares, the days-to-cover ratio is presently 6.3 days.

Institutional Trading of iShares Global Timber & Forestry ETF

Hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC purchased a new stake in iShares Global Timber & Forestry ETF in the fourth quarter worth about $32,000. US Bancorp DE purchased a new stake in iShares Global Timber & Forestry ETF in the first quarter worth about $66,000. Millburn Ridgefield Corp purchased a new stake in iShares Global Timber & Forestry ETF in the fourth quarter worth about $84,000. Comerica Bank purchased a new stake in iShares Global Timber & Forestry ETF in the third quarter worth about $148,000. Finally, Wealthfront Advisers LLC purchased a new stake in iShares Global Timber & Forestry ETF in the first quarter worth about $202,000.

iShares Global Timber & Forestry ETF Price Performance

NASDAQ:WOOD opened at $83.23 on Thursday. iShares Global Timber & Forestry ETF has a 1-year low of $68.91 and a 1-year high of $84.93. The company has a 50-day moving average of $79.67 and a 200 day moving average of $77.36. The firm has a market cap of $199.75 million, a PE ratio of 5.89 and a beta of 1.08.

About iShares Global Timber & Forestry ETF

(Get Free Report)

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.