Invesco MSCI Global Timber ETF (NYSEARCA:CUT) Short Interest Down 35.6% in July

Invesco MSCI Global Timber ETF (NYSEARCA:CUT) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 465 shares, a decrease of 35.6% from the July 15th total of 722 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,559 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco MSCI Global Timber ETF

Several hedge funds have recently modified their holdings of CUT. Susquehanna International Group LLP grew its holdings in 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 period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco MSCI Global Timber ETF by 23,282.7% in the fourth 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 in the last quarter. Cardiff Park Advisors LLC bought a new position in shares of Invesco MSCI Global Timber ETF in the 1st quarter worth $523,000. Jane Street Group LLC raised its holdings in shares of Invesco MSCI Global Timber ETF by 27.5% during 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 in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Invesco MSCI Global Timber ETF by 7.2% in the first quarter. Kestra Advisory Services LLC now owns 8,273 shares of the company’s stock worth $237,000 after purchasing an additional 555 shares during the last quarter.

Invesco MSCI Global Timber ETF Trading Down 2.1%

NYSEARCA:CUT opened at $29.73 on Tuesday. Invesco MSCI Global Timber ETF has a 12 month low of $26.30 and a 12 month high of $32.95. The stock has a market capitalization of $32.70 million, a price-to-earnings ratio of 17.08 and a beta of 0.74. The firm has a fifty day simple moving average of $28.71 and a two-hundred day simple moving average of $28.92.

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.