Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Shares Shorted: Short Interest Up 90.3% in September

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 586 shares, an increase of 90.3% from the August 31st total of 308 shares. Based on an average daily volume of 1,265 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

A number of institutional investors have recently added to or reduced their stakes in CUT. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF during the first quarter worth about $523,000. Kestra Advisory Services LLC raised its position in shares of 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 purchasing an additional 555 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Invesco MSCI Global Timber ETF in the 2nd quarter valued at approximately $25,000.

Invesco MSCI Global Timber ETF Stock Performance

Shares of NYSEARCA:CUT opened at $28.56 on Tuesday. The business’s 50-day simple moving average is $29.65 and its 200 day simple moving average is $28.57. The company has a market cap of $29.99 million, a P/E ratio of 17.08 and a beta of 0.73. Invesco MSCI Global Timber ETF has a one year low of $26.30 and a one year high of $32.95.

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.