Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Down 35.6% in July

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 465 shares, a decrease of 35.6% from the July 15th total of 722 shares. Based on an average trading volume of 1,559 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Invesco MSCI Global Timber ETF Trading Down 2.1%

NYSEARCA:CUT opened at $29.73 on Tuesday. The stock has a 50 day simple moving average of $28.71 and a 200 day simple moving average of $28.92. The stock has a market cap of $32.70 million, a P/E ratio of 17.08 and a beta of 0.74. Invesco MSCI Global Timber ETF has a 1-year low of $26.30 and a 1-year high of $32.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CUT. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Invesco MSCI Global Timber ETF in the fourth quarter valued at approximately $35,000. Royal Bank of Canada bought a new stake in shares of Invesco MSCI Global Timber ETF in the 4th quarter valued at about $60,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco MSCI Global Timber ETF in the second quarter valued at about $80,000. Kestra Advisory Services LLC increased its stake in shares of Invesco MSCI Global Timber ETF by 7.2% in the first quarter. Kestra Advisory Services LLC now owns 8,273 shares of the company’s stock valued at $237,000 after buying an additional 555 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Invesco MSCI Global Timber ETF by 27.5% during the second quarter. Jane Street Group LLC now owns 13,924 shares of the company’s stock worth $419,000 after acquiring an additional 3,001 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.