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

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter valued at $25,000. LRI Investments LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the third quarter valued at $31,000. Quent Capital LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the third quarter valued at $39,000. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares Global Timber & Forestry ETF by 16.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock valued at $77,000 after buying an additional 128 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings 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 valued at $138,000 after buying an additional 1,411 shares in the last quarter.

iShares Global Timber & Forestry ETF Price Performance

Shares of NASDAQ:WOOD opened at $80.45 on Friday. iShares Global Timber & Forestry ETF has a 12 month low of $73.83 and a 12 month high of $86.79. The stock has a market cap of $250.99 million, a price-to-earnings ratio of 6.98 and a beta of 1.08. The stock’s 50 day moving average price is $78.44 and its 200 day moving average price is $80.27.

iShares Global Timber & Forestry ETF Announces Dividend

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

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.