iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Update

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 38,427 shares, a growth of 82.0% from the July 15th total of 21,112 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,010 shares, the days-to-cover ratio is presently 2.7 days.

iShares Global Timber & Forestry ETF Stock Performance

NASDAQ WOOD opened at $72.36 on Friday. The firm’s fifty day moving average is $68.88 and its two-hundred day moving average is $70.94. iShares Global Timber & Forestry ETF has a one year low of $64.53 and a one year high of $83.32. The firm has a market cap of $269.18 million, a PE ratio of 16.65 and a beta of 0.74.

iShares Global Timber & Forestry ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.6286 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares Global Timber & Forestry ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of iShares Global Timber & Forestry ETF by 10,636.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock valued at $202,000 after purchasing an additional 2,659 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of iShares Global Timber & Forestry ETF by 7.1% during the second quarter. Captrust Financial Advisors now owns 5,291 shares of the company’s stock worth $388,000 after purchasing an additional 351 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Global Timber & Forestry ETF by 506.4% during the third quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock worth $153,000 after purchasing an additional 1,742 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Global Timber & Forestry ETF by 42.0% during the third quarter. Raymond James Financial Inc. now owns 7,377 shares of the company’s stock worth $542,000 after purchasing an additional 2,182 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares Global Timber & Forestry ETF during the third quarter worth $29,000.

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. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.