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

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a large increase in short interest in the month of 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 presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its position in Invesco MSCI Global Timber ETF by 7.2% in the 1st quarter. Kestra Advisory Services LLC now owns 8,273 shares of the company’s stock valued at $237,000 after acquiring an additional 555 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Invesco MSCI Global Timber ETF during the 4th quarter worth $35,000. Susquehanna International Group LLP grew its stake 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 worth $1,813,000 after purchasing an additional 1,293 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of Invesco MSCI Global Timber ETF during the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco MSCI Global Timber ETF during the second quarter valued at about $80,000.

Invesco MSCI Global Timber ETF Stock Down 0.7%

Shares of NYSEARCA:CUT opened at $30.01 on Friday. The company’s 50-day moving average price is $29.14 and its 200 day moving average price is $28.92. The company has a market cap of $33.01 million, a PE ratio of 17.08 and a beta of 0.74. Invesco MSCI Global Timber ETF has a fifty-two week low of $26.30 and a fifty-two week high of $32.95.

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.