Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Decreases By 14.7%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 13,900 shares, a drop of 14.7% from the December 15th total of 16,300 shares. Based on an average trading volume of 28,300 shares, the short-interest ratio is currently 0.5 days.

iShares Global Timber & Forestry ETF Stock Performance

NASDAQ:WOOD opened at $77.97 on Friday. iShares Global Timber & Forestry ETF has a 52-week low of $73.83 and a 52-week high of $86.79. The firm has a market cap of $243.27 million, a price-to-earnings ratio of 6.98 and a beta of 1.08. The business’s fifty day moving average is $78.36 and its 200 day moving average is $80.16.

iShares Global Timber & Forestry ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Large investors have recently added to or reduced their stakes in the business. Brookstone Capital Management raised its position in shares of iShares Global Timber & Forestry ETF by 14.4% during the 4th quarter. Brookstone Capital Management now owns 4,604 shares of the company’s stock valued at $351,000 after buying an additional 581 shares in the last quarter. LRI Investments LLC bought a new stake in iShares Global Timber & Forestry ETF in the 3rd quarter worth $31,000. MML Investors Services LLC increased its holdings in iShares Global Timber & Forestry ETF by 5.4% during 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. Flow Traders U.S. LLC purchased a new position in shares of iShares Global Timber & Forestry ETF during the third quarter valued at approximately $380,000. Finally, Larson Financial Group LLC increased its position in iShares Global Timber & Forestry ETF by 738.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock valued at $138,000 after purchasing an additional 1,411 shares during the period.

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.