Short Interest in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Declines By 36.7%

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 7,600 shares, a drop of 36.7% from the May 15th total of 12,000 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

A number of hedge funds have recently bought and sold shares of the business. 1832 Asset Management L.P. boosted its holdings in shares of iShares Global Timber & Forestry ETF by 1.3% during the 1st quarter. 1832 Asset Management L.P. now owns 257,519 shares of the company’s stock valued at $19,425,000 after acquiring an additional 3,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of iShares Global Timber & Forestry ETF during the 1st quarter worth $14,366,000. Jane Street Group LLC grew its position in shares of iShares Global Timber & Forestry ETF by 212.6% during the 4th quarter. Jane Street Group LLC now owns 35,759 shares of the company’s stock valued at $2,730,000 after acquiring an additional 24,321 shares during the period. Essential Planning LLC. purchased a new stake in shares of iShares Global Timber & Forestry ETF in the 4th quarter worth $2,411,000. Finally, Lynx Investment Advisory raised its holdings in iShares Global Timber & Forestry ETF by 2.5% in the 4th quarter. Lynx Investment Advisory now owns 27,022 shares of the company’s stock worth $2,063,000 after purchasing an additional 656 shares during the period.

iShares Global Timber & Forestry ETF Price Performance

WOOD stock opened at $71.83 on Wednesday. iShares Global Timber & Forestry ETF has a 1-year low of $66.25 and a 1-year high of $86.79. The business has a fifty day moving average price of $73.19 and a 200-day moving average price of $76.09. The stock has a market capitalization of $198.25 million, a P/E ratio of 14.66 and a beta of 1.08.

iShares Global Timber & Forestry ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 16th will be issued a $0.749 dividend. This is an increase from iShares Global Timber & Forestry ETF’s previous dividend of $0.34. The ex-dividend date is Monday, June 16th.

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.