iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 118.3% in August

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 44,100 shares, a growth of 118.3% from the July 31st total of 20,200 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is presently 5.1 days.

iShares Global Timber & Forestry ETF Price Performance

NASDAQ WOOD opened at $82.48 on Wednesday. The firm’s 50-day moving average is $79.21 and its two-hundred day moving average is $80.42. iShares Global Timber & Forestry ETF has a 12 month low of $69.22 and a 12 month high of $85.29. The stock has a market capitalization of $193.01 million, a P/E ratio of 6.98 and a beta of 1.08.

iShares Global Timber & Forestry ETF Announces Dividend

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

Institutional Trading of iShares Global Timber & Forestry ETF

Several hedge funds have recently made changes to their positions in WOOD. Truist Financial Corp increased its stake in shares of iShares Global Timber & Forestry ETF by 2.4% during the second quarter. Truist Financial Corp now owns 32,463 shares of the company’s stock worth $2,544,000 after buying an additional 766 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of iShares Global Timber & Forestry ETF by 36.6% during the second quarter. The Manufacturers Life Insurance Company now owns 40,844 shares of the company’s stock worth $3,201,000 after buying an additional 10,950 shares during the period. 1832 Asset Management L.P. increased its stake in shares of iShares Global Timber & Forestry ETF by 2.6% during the second quarter. 1832 Asset Management L.P. now owns 250,221 shares of the company’s stock worth $19,610,000 after buying an additional 6,268 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of iShares Global Timber & Forestry ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 32,675 shares of the company’s stock worth $2,561,000 after buying an additional 518 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of iShares Global Timber & Forestry ETF by 16.6% during the second quarter. Commonwealth Equity Services LLC now owns 5,052 shares of the company’s stock worth $396,000 after buying an additional 718 shares during the period.

About iShares Global Timber & Forestry ETF

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.