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

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a significant 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. Based on an average daily volume of 4,143 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,143 shares, the days-to-cover ratio is currently 0.3 days.

Invesco MSCI Global Timber ETF Stock Performance

NYSEARCA CUT traded up $0.10 during mid-day trading on Tuesday, reaching $30.38. 503 shares of the stock were exchanged, compared to its average volume of 2,913. Invesco MSCI Global Timber ETF has a 1 year low of $27.12 and a 1 year high of $33.52. The business’s 50 day moving average is $28.78 and its 200-day moving average is $29.64. The company has a market capitalization of $39.50 million, a P/E ratio of 17.08 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco MSCI Global Timber ETF in the second quarter worth about $80,000. Journey Strategic Wealth LLC purchased a new position in shares of Invesco MSCI Global Timber ETF during the 3rd quarter worth $208,000. Jane Street Group LLC boosted its position 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 valued at $419,000 after acquiring an additional 3,001 shares during the last quarter. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF in the third quarter valued at about $527,000. Finally, Flow Traders U.S. LLC increased its position in 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 worth $1,190,000 after purchasing an additional 8,917 shares during the last quarter.

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.