iShares Global Timber & Forestry ETF (NASDAQ:WOOD – Get Rating) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 12,600 shares, a drop of 91.4% from the February 28th total of 146,500 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ronald Blue Trust Inc. purchased a new position in shares of iShares Global Timber & Forestry ETF in the 2nd quarter valued at $35,000. US Bancorp DE purchased a new position in shares of iShares Global Timber & Forestry ETF in the 1st quarter valued at $66,000. Rockefeller Capital Management L.P. purchased a new position in shares of iShares Global Timber & Forestry ETF in the 3rd quarter valued at $126,000. Wealthfront Advisers LLC purchased a new position in shares of iShares Global Timber & Forestry ETF in the 1st quarter valued at $202,000. Finally, Bank of Montreal Can increased its holdings in shares of iShares Global Timber & Forestry ETF by 366.3% in the 2nd quarter. Bank of Montreal Can now owns 2,770 shares of the company's stock valued at $212,000 after acquiring an additional 2,176 shares during the period.
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iShares Global Timber & Forestry ETF
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iShares Global Timber & Forestry ETF Trading Down 0.1 %
Shares of NASDAQ:WOOD opened at $69.80 on Tuesday. iShares Global Timber & Forestry ETF has a 12-month low of $63.78 and a 12-month high of $94.33. The business's fifty day simple moving average is $74.50 and its 200-day simple moving average is $73.15. The company has a market capitalization of $205.21 million, a PE ratio of 5.89 and a beta of 1.07.
iShares Global Timber & Forestry ETF Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on iShares Global Timber & Forestry ETF (WOOD)
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