Short Interest in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Expands By 302.6%

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 1,872 shares, an increase of 302.6% from the July 30th total of 465 shares. Based on an average trading volume of 3,911 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $1,529,000 after buying an additional 52,386 shares in the last quarter. Cardiff Park Advisors LLC bought a new stake in Invesco MSCI Global Timber ETF during the 1st quarter valued at $523,000. Jane Street Group LLC increased its holdings in shares of 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 valued at $419,000 after acquiring an additional 3,001 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Invesco MSCI Global Timber ETF in the 2nd quarter valued at $80,000. Finally, Royal Bank of Canada bought a new position in shares of Invesco MSCI Global Timber ETF in the 4th quarter worth $60,000.

Invesco MSCI Global Timber ETF Price Performance

NYSEARCA CUT traded down $0.16 during trading on Friday, reaching $30.05. 741 shares of the company’s stock traded hands, compared to its average volume of 4,005. The firm has a market cap of $33.05 million, a price-to-earnings ratio of 17.08 and a beta of 0.74. The company’s 50 day simple moving average is $29.10 and its two-hundred day simple moving average is $28.91. Invesco MSCI Global Timber ETF has a 12-month low of $26.30 and a 12-month 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.