iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Sees Significant Growth in Short Interest

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 18,400 shares, a growth of 21.9% from the October 31st total of 15,100 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its holdings in iShares Global Timber & Forestry ETF by 16.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock valued at $77,000 after buying an additional 128 shares during the period. MML Investors Services LLC raised its stake in shares of iShares Global Timber & Forestry ETF by 5.4% in the 3rd quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock valued at $270,000 after acquiring an additional 161 shares during the period. Brookstone Capital Management raised its stake in shares of iShares Global Timber & Forestry ETF by 6.9% in the 3rd quarter. Brookstone Capital Management now owns 4,023 shares of the company’s stock valued at $347,000 after acquiring an additional 261 shares during the period. International Assets Investment Management LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the 2nd quarter valued at $26,000. Finally, LRI Investments LLC purchased a new stake in iShares Global Timber & Forestry ETF during the 3rd quarter worth $31,000.

iShares Global Timber & Forestry ETF Trading Up 1.2 %

Shares of iShares Global Timber & Forestry ETF stock opened at $81.39 on Monday. The stock has a market capitalization of $185.57 million, a P/E ratio of 6.98 and a beta of 1.08. The business’s fifty day moving average price is $81.92 and its 200 day moving average price is $81.01. iShares Global Timber & Forestry ETF has a twelve month low of $73.83 and a twelve month high of $86.79.

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.