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

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 331 shares, a drop of 61.1% from the February 12th total of 851 shares. Based on an average trading volume of 5,276 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,276 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco MSCI Global Timber ETF

Several institutional investors have recently added to or reduced their stakes in CUT. Royal Bank of Canada purchased a new position in Invesco MSCI Global Timber ETF in the fourth quarter worth $60,000. Northwestern Mutual Wealth Management Co. lifted its position in Invesco MSCI Global Timber ETF by 23,282.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,611 shares of the company’s stock valued at $1,529,000 after purchasing an additional 52,386 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Invesco MSCI Global Timber ETF during the 4th quarter valued at $35,000. Susquehanna International Group LLP boosted its holdings in shares of Invesco MSCI Global Timber ETF by 2.2% during 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 period. Finally, Cardiff Park Advisors LLC purchased a new stake in Invesco MSCI Global Timber ETF in the 3rd quarter worth approximately $527,000.

Invesco MSCI Global Timber ETF Stock Performance

CUT traded down $0.15 during midday trading on Friday, reaching $28.56. 1,684 shares of the company were exchanged, compared to its average volume of 7,681. The company has a market cap of $35.70 million, a price-to-earnings ratio of 17.08 and a beta of 0.90. The company’s fifty day moving average price is $30.72 and its 200 day moving average price is $29.69. Invesco MSCI Global Timber ETF has a one year low of $27.12 and a one year high of $32.95.

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.