Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Down 70.7% in January

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 311 shares, a decline of 70.7% from the January 15th total of 1,061 shares. Based on an average trading volume of 6,593 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,593 shares, the short-interest ratio is presently 0.0 days.

Invesco MSCI Global Timber ETF Price Performance

NYSEARCA CUT traded up $0.84 during trading hours on Wednesday, reaching $32.75. 11,176 shares of the stock traded hands, compared to its average volume of 7,456. The stock has a 50 day simple moving average of $29.77 and a two-hundred day simple moving average of $29.59. Invesco MSCI Global Timber ETF has a 1 year low of $27.12 and a 1 year high of $33.17. The company has a market cap of $40.94 million, a price-to-earnings ratio of 17.08 and a beta of 0.90.

Institutional Trading of Invesco MSCI Global Timber ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco MSCI Global Timber ETF by 23,282.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,611 shares of the company’s stock valued at $1,529,000 after purchasing an additional 52,386 shares during the period. Cardiff Park Advisors LLC purchased a new stake in Invesco MSCI Global Timber ETF in the 3rd quarter worth approximately $527,000. Flow Traders U.S. LLC grew its position in shares of Invesco MSCI Global Timber ETF by 29.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 39,587 shares of the company’s stock worth $1,190,000 after buying an additional 8,917 shares during the last quarter. Journey Strategic Wealth LLC purchased a new position in shares of Invesco MSCI Global Timber ETF during the third quarter valued at approximately $208,000. Finally, Valmark Advisers Inc. increased its stake 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.

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.