iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Down 22.4% in September

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 36,100 shares, a decline of 22.4% from the September 15th total of 46,500 shares. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 2.9 days.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Global Timber & Forestry ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 32,675 shares of the company’s stock worth $2,561,000 after acquiring an additional 518 shares during the last quarter. 1832 Asset Management L.P. boosted its position in iShares Global Timber & Forestry ETF by 2.6% in the second quarter. 1832 Asset Management L.P. now owns 250,221 shares of the company’s stock valued at $19,610,000 after buying an additional 6,268 shares in the last quarter. Quent Capital LLC bought a new stake in shares of iShares Global Timber & Forestry ETF during the first quarter worth $38,000. Brookstone Capital Management grew its stake in shares of iShares Global Timber & Forestry ETF by 20.2% during the second quarter. Brookstone Capital Management now owns 3,762 shares of the company’s stock worth $305,000 after buying an additional 631 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of iShares Global Timber & Forestry ETF by 2.4% during the second quarter. Truist Financial Corp now owns 32,463 shares of the company’s stock worth $2,544,000 after buying an additional 766 shares in the last quarter.

iShares Global Timber & Forestry ETF Trading Down 0.7 %

NASDAQ WOOD traded down $0.60 on Tuesday, hitting $82.77. 5,104 shares of the company’s stock were exchanged, compared to its average volume of 12,293. The stock has a 50-day moving average of $81.97 and a 200-day moving average of $81.29. The stock has a market cap of $183.75 million, a price-to-earnings ratio of 6.98 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 52 week low of $69.22 and a 52 week high of $86.79.

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.