Short Interest in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Drops By 83.5%

by · The Cerbat Gem

Invesco MSCI Global Timber ETF (NYSEARCA:CUT – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 308 shares, a decrease of 83.5% from the August 15th total of 1,872 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,455 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco MSCI Global Timber ETF

A number of institutional investors have recently added to or reduced their stakes in CUT. Kestra Advisory Services LLC lifted its holdings in 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 purchasing an additional 555 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF during the 2nd quarter valued at approximately $25,000. Susquehanna International Group LLP boosted its holdings in Invesco MSCI Global Timber ETF by 2.2% in the 3rd quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock worth $1,813,000 after buying an additional 1,293 shares during the period. Royal Bank of Canada purchased a new position in Invesco MSCI Global Timber ETF in the 4th quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. bought a new stake in Invesco MSCI Global Timber ETF during the 2nd quarter valued at $80,000.

Invesco MSCI Global Timber ETF Trading Up 0.3%

Invesco MSCI Global Timber ETF stock traded up $0.09 during midday trading on Friday, reaching $29.02. The stock had a trading volume of 1,834 shares, compared to its average volume of 3,845. The company has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $28.72. Invesco MSCI Global Timber ETF has a 12 month low of $26.30 and a 12 month high of $32.95. The company has a market capitalization of $31.93 million, a P/E ratio of 17.08 and a beta of 0.73.

About Invesco MSCI Global Timber ETF

(Get Free Report)

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.

Recommended Stories