iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 40.3% in July

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 26,100 shares, an increase of 40.3% from the June 30th total of 18,600 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of iShares Global Timber & Forestry ETF

Several hedge funds have recently modified their holdings of WOOD. Northwest Investment Counselors LLC raised its holdings in iShares Global Timber & Forestry ETF by 1.3% during the 2nd quarter. Northwest Investment Counselors LLC now owns 191,813 shares of the company’s stock valued at $15,032,000 after buying an additional 2,418 shares during the period. International Assets Investment Management LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the 4th quarter worth $2,192,000. Lynx Investment Advisory purchased a new stake in shares of iShares Global Timber & Forestry ETF during the 2nd quarter worth $2,070,000. Truist Financial Corp raised its stake in iShares Global Timber & Forestry ETF by 1.8% in the fourth quarter. Truist Financial Corp now owns 20,989 shares of the company’s stock valued at $1,706,000 after buying an additional 362 shares during the last quarter. Finally, Barometer Capital Management Inc. raised its stake in iShares Global Timber & Forestry ETF by 3.2% in the fourth quarter. Barometer Capital Management Inc. now owns 6,500 shares of the company’s stock valued at $528,000 after buying an additional 200 shares during the last quarter.

iShares Global Timber & Forestry ETF Stock Up 0.3 %

NASDAQ WOOD traded up $0.28 during trading hours on Friday, reaching $80.51. The company’s stock had a trading volume of 3,304 shares, compared to its average volume of 11,331. The firm’s 50-day moving average price is $80.38 and its 200-day moving average price is $80.06. iShares Global Timber & Forestry ETF has a 1 year low of $69.22 and a 1 year high of $85.29. The company has a market capitalization of $188.39 million, a price-to-earnings ratio of 6.98 and a beta of 1.08.

iShares Global Timber & Forestry ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $1.2582 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

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.