Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Update

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 465 shares, a decrease of 35.6% from the July 15th total of 722 shares. Based on an average daily volume of 1,559 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its stake in shares of Invesco MSCI Global Timber ETF by 2.2% in the third quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock worth $1,813,000 after purchasing an additional 1,293 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco MSCI Global Timber ETF by 23,282.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,611 shares of the company’s stock valued at $1,529,000 after buying an additional 52,386 shares during the period. Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF during the first quarter valued at approximately $523,000. Jane Street Group LLC lifted its stake in Invesco MSCI Global Timber ETF by 27.5% in the second quarter. Jane Street Group LLC now owns 13,924 shares of the company’s stock worth $419,000 after acquiring an additional 3,001 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in Invesco MSCI Global Timber ETF by 7.2% in the first quarter. Kestra Advisory Services LLC now owns 8,273 shares of the company’s stock worth $237,000 after acquiring an additional 555 shares during the period.

Invesco MSCI Global Timber ETF Stock Performance

Invesco MSCI Global Timber ETF stock traded up $0.47 during mid-day trading on Wednesday, reaching $30.00. The company’s stock had a trading volume of 2,228 shares, compared to its average volume of 4,108. Invesco MSCI Global Timber ETF has a 12-month low of $26.30 and a 12-month high of $32.95. The firm’s fifty day moving average price is $28.75 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $33 million, a P/E ratio of 17.08 and a beta of 0.74.

Invesco MSCI Global Timber ETF Company Profile

Guggenheim Timber ETF (the Fund), formerly Claymore/Beacon Global Timber Index ETF, seeks investment results that correspond to the performance of an equity index called the Beacon Global Timber Index (the Index). All stocks in the Index are selected from the universe of global timber companies. Beacon Indexes LLC (Beacon or the Index Provider) defines global timber companies as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods, such as paper and packaging.