Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Update

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

Invesco MSCI Global Timber ETF Trading Down 0.9%

Shares of Invesco MSCI Global Timber ETF stock traded down $0.27 during midday trading on Wednesday, reaching $28.00. The company had a trading volume of 3,916 shares, compared to its average volume of 3,712. Invesco MSCI Global Timber ETF has a 1-year low of $26.30 and a 1-year high of $32.95. The company has a market capitalization of $29.41 million, a price-to-earnings ratio of 17.08 and a beta of 0.73. The stock has a fifty day simple moving average of $29.65 and a 200 day simple moving average of $28.56.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

Several institutional investors and hedge funds have recently made changes to their positions in CUT. Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF during the first quarter valued at $523,000. Kestra Advisory Services LLC raised its stake in shares of Invesco MSCI Global Timber ETF by 7.2% during the first quarter. Kestra Advisory Services LLC now owns 8,273 shares of the company’s stock valued at $237,000 after acquiring an additional 555 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco MSCI Global Timber ETF in the second quarter worth approximately $25,000.

About Invesco MSCI Global Timber ETF

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.