iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Update

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,165 shares, a drop of 85.4% from the August 31st total of 62,838 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 40,836 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WOOD. Bank of America Corp DE grew its holdings in iShares Global Timber & Forestry ETF by 46.9% during the 1st quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock valued at $8,622,000 after buying an additional 38,778 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of iShares Global Timber & Forestry ETF in the second quarter worth $7,917,000. Envestnet Asset Management Inc. boosted its position in shares of iShares Global Timber & Forestry ETF by 303.5% during the second quarter. Envestnet Asset Management Inc. now owns 113,169 shares of the company’s stock worth $7,496,000 after acquiring an additional 85,123 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the second quarter worth $7,115,000. Finally, Baird Financial Group Inc. purchased a new position in iShares Global Timber & Forestry ETF during the second quarter valued at $1,893,000.

iShares Global Timber & Forestry ETF Stock Up 0.1%

NASDAQ WOOD opened at $69.34 on Friday. The firm has a market cap of $266.27 million, a price-to-earnings ratio of 16.65 and a beta of 0.74. The business has a 50-day moving average price of $71.35 and a 200-day moving average price of $69.53. iShares Global Timber & Forestry ETF has a twelve month low of $64.53 and a twelve month high of $83.32.

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. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.