Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Grows By 82.0%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 38,427 shares, an increase of 82.0% from the July 15th total of 21,112 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 14,010 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of WOOD. Advisory Services Network LLC acquired a new stake in shares of iShares Global Timber & Forestry ETF in the third quarter valued at about $29,000. Fifth Third Bancorp acquired a new stake in shares of iShares Global Timber & Forestry ETF during the 1st quarter valued at approximately $142,000. JPMorgan Chase & Co. lifted its position in shares of iShares Global Timber & Forestry ETF by 506.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock valued at $153,000 after acquiring an additional 1,742 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF during the 2nd quarter worth approximately $182,000. Finally, Bank of Montreal Can grew its holdings in shares of iShares Global Timber & Forestry ETF by 559.4% in the 4th quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock worth $194,000 after acquiring an additional 2,288 shares during the period.

iShares Global Timber & Forestry ETF Stock Down 0.0%

Shares of iShares Global Timber & Forestry ETF stock opened at $72.36 on Friday. The firm has a market cap of $269.18 million, a price-to-earnings ratio of 16.65 and a beta of 0.74. iShares Global Timber & Forestry ETF has a 52-week low of $64.53 and a 52-week high of $83.32. The company’s 50-day simple moving average is $68.88 and its 200-day simple moving average is $70.94.

iShares Global Timber & Forestry ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.6286 dividend. The ex-dividend date was Monday, June 15th.

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