iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Sees Large Decrease in Short Interest

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

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several hedge funds have recently made changes to their positions in WOOD. LRI Investments LLC purchased a new position in iShares Global Timber & Forestry ETF during the third quarter valued at $31,000. Quent Capital LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the 3rd quarter worth about $39,000. Creative Financial Designs Inc. ADV lifted its position in 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 valued at $77,000 after acquiring an additional 128 shares during the period. Larson Financial Group LLC lifted its position in 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 valued at $138,000 after acquiring an additional 1,411 shares during the period. Finally, Rather & Kittrell Inc. bought a new stake in iShares Global Timber & Forestry ETF during the third quarter worth about $210,000.

iShares Global Timber & Forestry ETF Price Performance

WOOD stock opened at $77.14 on Friday. iShares Global Timber & Forestry ETF has a 1 year low of $73.83 and a 1 year high of $86.79. The firm has a 50-day moving average of $78.41 and a 200 day moving average of $80.16. The company has a market cap of $166.62 million, a P/E ratio of 6.98 and a beta of 1.08.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $0.336 dividend. The ex-dividend date 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.