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

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 308 shares, a decline of 83.5% from the August 15th total of 1,872 shares. Based on an average trading volume of 1,455 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Invesco MSCI Global Timber ETF Trading Up 0.3%

Shares of CUT traded up $0.09 during midday trading on Friday, reaching $29.02. The stock had a trading volume of 1,834 shares, compared to its average volume of 3,845. The company has a market capitalization of $31.93 million, a price-to-earnings ratio of 17.08 and a beta of 0.73. The company’s 50-day moving average is $29.41 and its 200 day moving average is $28.72. Invesco MSCI Global Timber ETF has a 12-month low of $26.30 and a 12-month high of $32.95.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cardiff Park Advisors LLC purchased a new position in Invesco MSCI Global Timber ETF in the 1st quarter worth $523,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco MSCI Global Timber ETF by 23,282.7% during the 4th 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. Susquehanna International Group LLP lifted its holdings in Invesco MSCI Global Timber ETF by 2.2% in the 3rd quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock worth $1,813,000 after buying an additional 1,293 shares during the period. Jane Street Group LLC lifted its holdings in Invesco MSCI Global Timber ETF by 27.5% in the 2nd quarter. Jane Street Group LLC now owns 13,924 shares of the company’s stock worth $419,000 after buying an additional 3,001 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Invesco MSCI Global Timber ETF in the 2nd quarter worth approximately $25,000.

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.