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

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 331 shares, a decline of 61.1% from the February 12th total of 851 shares. Based on an average daily trading volume, of 5,276 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,276 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco MSCI Global Timber ETF

Institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC increased its position in shares of Invesco MSCI Global Timber ETF by 29.1% during 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 period. Raymond James Financial Inc. purchased a new position in Invesco MSCI Global Timber ETF in the second quarter worth about $80,000. Jane Street Group LLC lifted its stake in shares of Invesco MSCI Global Timber ETF by 27.5% in 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. Valmark Advisers Inc. increased its position in shares of 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 valued at $7,017,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Journey Strategic Wealth LLC purchased a new stake in Invesco MSCI Global Timber ETF during the 3rd quarter valued at $208,000.

Invesco MSCI Global Timber ETF Stock Performance

CUT traded down $0.15 during trading on Friday, reaching $28.56. The stock had a trading volume of 1,684 shares, compared to its average volume of 7,681. The business has a 50-day moving average of $30.73 and a 200-day moving average of $29.71. Invesco MSCI Global Timber ETF has a one year low of $27.12 and a one year high of $32.95. The stock has a market cap of $35.70 million, a PE ratio of 17.08 and a beta of 0.90.

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.