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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a large growth in short interest in 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. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 14,010 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of iShares Global Timber & Forestry ETF

Large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in iShares Global Timber & Forestry ETF by 46.9% during the first quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock worth $8,622,000 after acquiring an additional 38,778 shares in the last quarter. Royal Bank of Canada grew its holdings in iShares Global Timber & Forestry ETF by 30.0% in the first quarter. Royal Bank of Canada now owns 12,370 shares of the company’s stock worth $878,000 after purchasing an additional 2,857 shares during the period. Cetera Investment Advisers increased its stake in iShares Global Timber & Forestry ETF by 7.7% in the fourth quarter. Cetera Investment Advisers now owns 3,855 shares of the company’s stock valued at $278,000 after purchasing an additional 274 shares in the last quarter. Bank of Montreal Can increased its stake in iShares Global Timber & Forestry ETF by 559.4% in the fourth 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 in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the third quarter valued at about $29,000.

iShares Global Timber & Forestry ETF Price Performance

NASDAQ WOOD opened at $72.36 on Monday. The business has a 50 day simple moving average of $68.88 and a 200 day simple moving average of $70.90. iShares Global Timber & Forestry ETF has a one year low of $64.53 and a one year high of $83.32. The stock has a market capitalization of $269.18 million, a P/E ratio of 16.65 and a beta of 0.74.

iShares Global Timber & Forestry ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.6286 per share. The ex-dividend date was Monday, June 15th.

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