iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 24.1% in June

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 108,700 shares, a growth of 24.1% from the May 31st total of 87,600 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 7.2 days.

iShares Global Timber & Forestry ETF Trading Down 0.3 %

WOOD stock opened at $78.10 on Tuesday. iShares Global Timber & Forestry ETF has a 1-year low of $69.22 and a 1-year high of $85.29. The business’s 50 day moving average is $81.26 and its 200-day moving average is $80.22. The firm has a market cap of $196.81 million, a P/E ratio of 6.98 and a beta of 1.08.

iShares Global Timber & Forestry ETF Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a $1.2582 dividend. The ex-dividend date was Tuesday, June 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barometer Capital Management Inc. grew its holdings in shares of iShares Global Timber & Forestry ETF by 3.2% in the 4th quarter. Barometer Capital Management Inc. now owns 6,500 shares of the company’s stock worth $528,000 after purchasing an additional 200 shares during the last quarter. Stamos Capital Partners L.P. raised its stake in shares of iShares Global Timber & Forestry ETF by 6.2% in the first quarter. Stamos Capital Partners L.P. now owns 3,590 shares of the company’s stock valued at $303,000 after acquiring an additional 210 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of iShares Global Timber & Forestry ETF in the 1st quarter worth approximately $30,000. Truist Financial Corp grew its position in iShares Global Timber & Forestry ETF by 1.8% during the 4th quarter. Truist Financial Corp now owns 20,989 shares of the company’s stock worth $1,706,000 after acquiring an additional 362 shares during the last quarter. Finally, Simplex Trading LLC acquired a new stake in iShares Global Timber & Forestry ETF during the 4th quarter valued at $32,000.

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.