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

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

iShares Global Timber & Forestry ETF Trading Down 0.1 %

Shares of WOOD opened at $80.30 on Monday. The stock has a market cap of $250.54 million, a P/E ratio of 6.98 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 1 year low of $73.83 and a 1 year high of $86.79. The stock’s 50-day moving average price is $78.46 and its two-hundred day moving average price is $80.27.

iShares Global Timber & Forestry ETF Announces Dividend

The company also recently disclosed 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.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several hedge funds have recently bought and sold shares of WOOD. Brookstone Capital Management grew its holdings in shares of iShares Global Timber & Forestry ETF by 14.4% in 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 during the period. MML Investors Services LLC grew its stake in iShares Global Timber & Forestry ETF by 5.4% in the third quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock valued at $270,000 after acquiring an additional 161 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares Global Timber & Forestry ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 32,675 shares of the company’s stock worth $2,561,000 after acquiring an additional 518 shares in the last quarter. Larson Financial Group LLC raised its position in shares of iShares Global Timber & Forestry ETF by 738.7% during 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 during the period. Finally, Truist Financial Corp grew its position in shares of iShares Global Timber & Forestry ETF by 2.4% in the 2nd quarter. Truist Financial Corp now owns 32,463 shares of the company’s stock valued at $2,544,000 after purchasing an additional 766 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.