iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Short Interest Up 95.5% in May

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 25,935 shares, a growth of 95.5% from the May 14th total of 13,266 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,809 shares, the short-interest ratio is presently 1.2 days.

iShares Global Timber & Forestry ETF Trading Up 0.5%

Shares of NASDAQ:WOOD opened at $68.43 on Tuesday. The company has a 50 day moving average of $68.54 and a 200-day moving average of $72.00. The firm has a market cap of $250.45 million, a P/E ratio of 16.65 and a beta of 0.75. iShares Global Timber & Forestry ETF has a twelve month low of $64.53 and a twelve month high of $83.32.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be given a $0.6286 dividend. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of iShares Global Timber & Forestry ETF by 46.9% in the 1st quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock valued at $8,622,000 after acquiring an additional 38,778 shares in the last quarter. Comprehensive Money Management Services LLC lifted its position in iShares Global Timber & Forestry ETF by 69.1% in the 4th quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock worth $2,676,000 after buying an additional 15,180 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in iShares Global Timber & Forestry ETF in the 3rd quarter worth approximately $2,595,000. Jane Street Group LLC lifted its position in iShares Global Timber & Forestry ETF by 29.2% in the 4th quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock worth $2,327,000 after buying an additional 7,295 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in iShares Global Timber & Forestry ETF by 3.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,989 shares of the company’s stock worth $1,908,000 after buying an additional 884 shares in the last quarter.

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.