iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 129.8% in February

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

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

A number of hedge funds and other institutional investors have recently modified their holdings of WOOD. Essential Planning LLC. purchased a new position in iShares Global Timber & Forestry ETF in the fourth quarter valued at $2,411,000. Jane Street Group LLC increased its holdings in shares of iShares Global Timber & Forestry ETF by 212.6% in the 4th quarter. Jane Street Group LLC now owns 35,759 shares of the company’s stock valued at $2,730,000 after acquiring an additional 24,321 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new stake in shares of iShares Global Timber & Forestry ETF during the 4th quarter worth about $1,659,000. Cullen Capital Management LLC purchased a new stake in iShares Global Timber & Forestry ETF during the fourth quarter worth approximately $908,000. Finally, Wealthfront Advisers LLC boosted its holdings in iShares Global Timber & Forestry ETF by 269.3% in the fourth quarter. Wealthfront Advisers LLC now owns 13,455 shares of the company’s stock valued at $1,027,000 after purchasing an additional 9,812 shares in the last quarter.

iShares Global Timber & Forestry ETF Stock Performance

Shares of iShares Global Timber & Forestry ETF stock opened at $76.35 on Friday. The business has a 50-day simple moving average of $78.49 and a 200-day simple moving average of $80.14. iShares Global Timber & Forestry ETF has a one year low of $74.66 and a one year high of $86.79. The company has a market cap of $238.21 million, a PE ratio of 17.28 and a beta of 1.00.

iShares Global Timber & Forestry ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders 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.