Short Interest in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Grows By 373.2%

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,079 shares, an increase of 373.2% from the December 15th total of 228 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,143 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 4,143 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Invesco MSCI Global Timber ETF Stock Performance

CUT traded up $0.35 during trading on Wednesday, reaching $30.68. 5,556 shares of the stock were exchanged, compared to its average volume of 3,299. The stock’s 50 day moving average price is $28.83 and its two-hundred day moving average price is $29.64. Invesco MSCI Global Timber ETF has a twelve month low of $27.12 and a twelve month high of $33.52. The stock has a market cap of $39.88 million, a P/E ratio of 17.08 and a beta of 0.90.

Institutional Investors Weigh In On Invesco MSCI Global Timber ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Valmark Advisers Inc. grew its holdings in Invesco MSCI Global Timber ETF by 1.4% during the third quarter. Valmark Advisers Inc. now owns 237,438 shares of the company’s stock worth $7,017,000 after purchasing an additional 3,192 shares during the period. Susquehanna International Group LLP lifted its position 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 valued at $1,813,000 after buying an additional 1,293 shares during the last quarter. Flow Traders U.S. LLC lifted its position in shares of Invesco MSCI Global Timber ETF by 29.1% in the second quarter. Flow Traders U.S. LLC now owns 39,587 shares of the company’s stock valued at $1,190,000 after buying an additional 8,917 shares during the last quarter. Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF during the 3rd quarter worth approximately $527,000. Finally, Jane Street Group LLC increased its holdings in shares of Invesco MSCI Global Timber ETF by 27.5% during the 2nd 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 last quarter.

About Invesco MSCI Global Timber ETF

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.