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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 10,700 shares, a drop of 81.7% from the March 15th total of 58,600 shares. Based on an average daily trading volume, of 41,300 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of iShares Global Timber & Forestry ETF in the 4th quarter worth $59,000. Boston Standard Wealth Management LLC grew its stake in shares of iShares Global Timber & Forestry ETF by 1.1% in the 4th quarter. Boston Standard Wealth Management LLC now owns 64,018 shares of the company’s stock worth $5,097,000 after buying an additional 671 shares in the last quarter. Morgan Stanley grew its stake in shares of iShares Global Timber & Forestry ETF by 41.7% in the 3rd quarter. Morgan Stanley now owns 8,985 shares of the company’s stock worth $581,000 after buying an additional 2,644 shares in the last quarter. Northwest Investment Counselors LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 1.2% in the 4th quarter. Northwest Investment Counselors LLC now owns 202,103 shares of the company’s stock worth $16,091,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Capital Directions Investment Advisors LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 100.0% in the 4th quarter. Capital Directions Investment Advisors LLC now owns 400 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter.

Shares of NASDAQ:WOOD opened at $90.63 on Thursday. iShares Global Timber & Forestry ETF has a 52 week low of $47.21 and a 52 week high of $90.85. The firm has a fifty day simple moving average of $86.21 and a two-hundred day simple moving average of $77.84.

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.

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