Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Up 45.6% in March

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 482 shares, a growth of 45.6% from the February 26th total of 331 shares. Based on an average trading volume of 9,213 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Invesco MSCI Global Timber ETF Price Performance

Shares of NYSEARCA:CUT traded down $0.24 during trading on Friday, hitting $27.97. 5,169 shares of the company were exchanged, compared to its average volume of 6,991. Invesco MSCI Global Timber ETF has a 52-week low of $26.99 and a 52-week high of $32.95. The stock has a 50 day moving average of $30.32 and a 200 day moving average of $29.49. The company has a market cap of $34.96 million, a PE ratio of 17.08 and a beta of 0.90.

Institutional Trading of Invesco MSCI Global Timber ETF

Institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC grew its holdings in Invesco MSCI Global Timber ETF by 29.1% during the 2nd 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 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 buying an additional 3,192 shares during the period. Jane Street Group LLC lifted its holdings 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. Susquehanna International Group LLP lifted its holdings 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 buying an additional 1,293 shares in the last quarter. Finally, Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF in the third quarter valued at approximately $527,000.

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.