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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 30,100 shares, an increase of 129.8% from the February 13th total of 13,100 shares. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.0% of the company’s shares are short sold.

iShares Global Timber & Forestry ETF Price Performance

WOOD stock opened at $77.95 on Friday. The firm has a market capitalization of $243.20 million, a P/E ratio of 17.28 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 52-week low of $74.66 and a 52-week high of $86.79. The company’s 50 day simple moving average is $78.53 and its 200-day simple moving average is $80.11.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.336 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Global Timber & Forestry ETF

Hedge funds have recently modified their holdings of the business. Brookstone Capital Management raised its position in iShares Global Timber & Forestry ETF by 14.4% during the fourth quarter. Brookstone Capital Management now owns 4,604 shares of the company’s stock valued at $351,000 after buying an additional 581 shares during the period. SBI Securities Co. Ltd. purchased a new position in iShares Global Timber & Forestry ETF during the 4th quarter valued at about $44,000. MML Investors Services LLC increased its holdings 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 purchasing an additional 161 shares during the period. Larson Financial Group LLC lifted its position in shares of iShares Global Timber & Forestry ETF by 738.7% in the third quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock worth $138,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF in the third quarter worth approximately $380,000.

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.