Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Sees Large Decline in Short Interest

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

Invesco MSCI Global Timber ETF Stock Performance

Invesco MSCI Global Timber ETF stock traded up $0.03 during midday trading on Friday, reaching $28.96. The stock had a trading volume of 1,920 shares, compared to its average volume of 3,846. Invesco MSCI Global Timber ETF has a 1-year low of $26.30 and a 1-year high of $32.95. The firm’s fifty day simple moving average is $29.42 and its 200-day simple moving average is $28.72. The stock has a market capitalization of $31.86 million, a P/E ratio of 17.08 and a beta of 0.73.

Institutional Investors Weigh In On Invesco MSCI Global Timber ETF

Large investors have recently made changes to their positions in the stock. Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF during the first quarter worth approximately $523,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco MSCI Global Timber ETF by 23,282.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,611 shares of the company’s stock valued at $1,529,000 after buying an additional 52,386 shares in the last quarter. Susquehanna International Group LLP increased 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. Jane Street Group LLC grew its stake in Invesco MSCI Global Timber ETF by 27.5% during the second 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 in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco MSCI Global Timber ETF in the second quarter valued at 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.