Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Sees Significant Growth in Short Interest

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,079 shares, a growth of 373.2% from the December 15th total of 228 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,143 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 4,143 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

A number of large investors have recently modified their holdings of CUT. Susquehanna International Group LLP grew its stake in shares of Invesco MSCI Global Timber ETF by 2.2% during the third quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock valued at $1,813,000 after purchasing an additional 1,293 shares during the last quarter. Cardiff Park Advisors LLC acquired a new position in Invesco MSCI Global Timber ETF during the 3rd quarter worth $527,000. Journey Strategic Wealth LLC acquired a new position in Invesco MSCI Global Timber ETF during the 3rd quarter worth $208,000. Valmark Advisers Inc. increased its stake in shares of 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 buying an additional 3,192 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Invesco MSCI Global Timber ETF by 27.5% in the 2nd quarter. Jane Street Group LLC now owns 13,924 shares of the company’s stock valued at $419,000 after buying an additional 3,001 shares during the period.

Invesco MSCI Global Timber ETF Stock Up 1.2%

Invesco MSCI Global Timber ETF stock opened at $30.68 on Thursday. The stock has a 50-day simple moving average of $28.89 and a 200 day simple moving average of $29.64. The stock has a market capitalization of $39.88 million, a price-to-earnings ratio of 17.08 and a beta of 0.90. Invesco MSCI Global Timber ETF has a 12-month low of $27.12 and a 12-month high of $33.52.

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.