Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Up 173.6% in February

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 851 shares, a growth of 173.6% from the January 29th total of 311 shares. Based on an average daily volume of 13,911 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 13,911 shares, the days-to-cover ratio is presently 0.1 days.

Invesco MSCI Global Timber ETF Trading Up 0.1%

Shares of CUT stock traded up $0.02 during trading hours on Thursday, hitting $31.55. 3,325 shares of the company were exchanged, compared to its average volume of 7,438. Invesco MSCI Global Timber ETF has a 52 week low of $27.12 and a 52 week high of $32.95. The business has a 50 day moving average of $30.47 and a two-hundred day moving average of $29.75. The company has a market capitalization of $39.44 million, a PE ratio of 17.08 and a beta of 0.90.

Institutional Investors Weigh In On Invesco MSCI Global Timber ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC grew its stake in shares of 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 worth $1,190,000 after acquiring an additional 8,917 shares in the last quarter. Valmark Advisers Inc. raised its stake in Invesco MSCI Global Timber ETF by 1.4% in the 3rd quarter. Valmark Advisers Inc. now owns 237,438 shares of the company’s stock valued at $7,017,000 after acquiring an additional 3,192 shares during the period. Journey Strategic Wealth LLC bought a new stake in shares of Invesco MSCI Global Timber ETF during the 3rd quarter worth about $208,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Invesco MSCI Global Timber ETF during the fourth quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco MSCI Global Timber ETF by 23,282.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,611 shares of the company’s stock worth $1,529,000 after acquiring an additional 52,386 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.