Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Up 45.6% in March

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 482 shares, a growth of 45.6% from the February 26th total of 331 shares. Based on an average trading volume of 9,213 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Invesco MSCI Global Timber ETF

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in Invesco MSCI Global Timber ETF during the fourth quarter worth about $60,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Invesco MSCI Global Timber ETF in the fourth quarter valued at approximately $35,000. Susquehanna International Group LLP lifted its stake in shares of Invesco MSCI Global Timber ETF by 2.2% during the 3rd quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock valued at $1,813,000 after buying an additional 1,293 shares in the last quarter. Finally, Cardiff Park Advisors LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF during the 3rd quarter valued at approximately $527,000.

Invesco MSCI Global Timber ETF Trading Down 0.9%

Shares of NYSEARCA:CUT traded down $0.24 during mid-day trading on Friday, reaching $27.97. The company had a trading volume of 5,169 shares, compared to its average volume of 6,991. The firm has a market cap of $34.96 million, a price-to-earnings ratio of 17.08 and a beta of 0.90. The company’s 50-day moving average price is $30.32 and its 200-day moving average price is $29.49. Invesco MSCI Global Timber ETF has a one year low of $26.99 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.