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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 13,100 shares, a decline of 28.4% from the January 31st total of 18,300 shares. Based on an average daily trading volume, of 23,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WOOD. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter valued at about $25,000. Transce3nd LLC bought a new position in iShares Global Timber & Forestry ETF during the fourth quarter worth about $26,000. LRI Investments LLC bought a new position in iShares Global Timber & Forestry ETF during the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in iShares Global Timber & Forestry ETF in the fourth quarter valued at approximately $44,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares Global Timber & Forestry ETF by 16.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 896 shares of the company’s stock worth $77,000 after purchasing an additional 128 shares during the period.

iShares Global Timber & Forestry ETF Stock Performance

WOOD opened at $78.45 on Monday. iShares Global Timber & Forestry ETF has a twelve month low of $74.66 and a twelve month high of $86.79. The firm has a market cap of $244.75 million, a price-to-earnings ratio of 19.76 and a beta of 1.08. The firm’s 50-day simple moving average is $78.22 and its 200-day simple moving average is $80.29.

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 paid 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.