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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WOOD. Comprehensive Financial Planning Inc. PA bought a new stake in iShares Global Timber & Forestry ETF in the 4th quarter valued at $25,000. LRI Investments LLC acquired 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 about $39,000. Creative Financial Designs Inc. ADV lifted its stake in shares of iShares Global Timber & Forestry ETF by 16.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock worth $77,000 after buying an additional 128 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of iShares Global Timber & Forestry ETF by 738.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock worth $138,000 after buying an additional 1,411 shares during the period.

iShares Global Timber & Forestry ETF Price Performance

iShares Global Timber & Forestry ETF stock opened at $80.06 on Thursday. iShares Global Timber & Forestry ETF has a fifty-two week low of $73.83 and a fifty-two week high of $86.79. The firm has a market capitalization of $249.79 million, a PE ratio of 6.98 and a beta of 1.08. The company’s 50-day moving average is $78.44 and its 200-day moving average is $80.27.

iShares Global Timber & Forestry ETF Announces Dividend

The firm also recently disclosed 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.

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.