Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Grows By 23.0%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 17,100 shares, an increase of 23.0% from the December 31st total of 13,900 shares. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA purchased a new position in iShares Global Timber & Forestry ETF in the 4th quarter worth approximately $25,000. LRI Investments LLC bought a new stake in shares of iShares Global Timber & Forestry ETF in the 3rd quarter worth approximately $31,000. Quent Capital LLC bought a new stake in shares of iShares Global Timber & Forestry ETF in the 3rd quarter worth approximately $39,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares Global Timber & Forestry ETF by 16.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock worth $77,000 after acquiring an additional 128 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 738.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock worth $138,000 after acquiring an additional 1,411 shares during the last quarter.

iShares Global Timber & Forestry ETF Price Performance

WOOD stock opened at $80.30 on Friday. iShares Global Timber & Forestry ETF has a one year low of $73.83 and a one year high of $86.79. The stock has a market cap of $250.54 million, a PE ratio of 6.98 and a beta of 1.08. The firm has a 50 day simple moving average of $78.46 and a two-hundred day simple moving average of $80.27.

iShares Global Timber & Forestry ETF Announces Dividend

The business also recently declared 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 of this dividend 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.