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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 14,010 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.0% of the company’s stock are short sold.

iShares Global Timber & Forestry ETF Stock Performance

Shares of WOOD stock opened at $71.14 on Tuesday. The company has a market capitalization of $264.64 million, a price-to-earnings ratio of 16.65 and a beta of 0.74. iShares Global Timber & Forestry ETF has a one year low of $64.53 and a one year high of $83.32. The company’s 50-day moving average is $68.97 and its 200 day moving average is $70.86.

iShares Global Timber & Forestry ETF Announces Dividend

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

Institutional Trading of iShares Global Timber & Forestry ETF

A number of institutional investors and hedge funds have recently modified their holdings of WOOD. Advisory Services Network LLC purchased a new position in iShares Global Timber & Forestry ETF in the 3rd quarter worth about $29,000. Fifth Third Bancorp bought a new position in shares of iShares Global Timber & Forestry ETF during the 1st quarter valued at $142,000. JPMorgan Chase & Co. increased its position in 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 valued at $153,000 after acquiring an additional 1,742 shares during the last quarter. Jones Financial Companies Lllp boosted its position in iShares Global Timber & Forestry ETF by 10,636.0% in the first quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock worth $202,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of iShares Global Timber & Forestry ETF by 559.4% during the 4th quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock valued at $194,000 after purchasing an additional 2,288 shares during the last quarter.

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.