Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Sees Significant Drop in Short Interest

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMOGet Free Report) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 2,324 shares, a drop of 14.3% from the January 29th total of 2,713 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 1,284 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 1,284 shares, the short-interest ratio is presently 1.8 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF

Institutional investors have recently bought and sold shares of the business. Equitable Holdings Inc. raised its stake in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% during the 3rd quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock valued at $1,472,000 after buying an additional 3,438 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF in the fourth quarter worth about $523,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at approximately $259,000.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

EEMO stock remained flat at $17.68 on Wednesday. The company had a trading volume of 1,080 shares, compared to its average volume of 3,131. The stock’s 50-day simple moving average is $18.41 and its 200 day simple moving average is $17.98. Invesco S&P Emerging Markets Momentum ETF has a 1 year low of $12.85 and a 1 year high of $19.11. The firm has a market capitalization of $11.49 million, a PE ratio of 14.69 and a beta of 0.66.

Invesco S&P Emerging Markets Momentum ETF Company Profile

(Get Free Report)

The Invesco S&P Emerging Markets Momentum ETF (EEMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap emerging market equities, selected by price momentum. Stocks are weighted by momentum, scaled by market-cap. EEMO was launched on Feb 24, 2012 and is managed by Invesco.

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