Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,837 shares, a drop of 69.2% from the June 30th total of 80,600 shares. Based on an average daily volume of 34,315 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.2% of the shares of the company are sold short.
Invesco S&P Emerging Markets Momentum ETF Price Performance
Shares of EEMO stock traded down $0.35 on Monday, hitting $20.16. 3,369 shares of the stock traded hands, compared to its average volume of 10,541. The firm has a 50 day simple moving average of $22.92 and a two-hundred day simple moving average of $20.25. Invesco S&P Emerging Markets Momentum ETF has a 52 week low of $16.24 and a 52 week high of $26.17. The firm has a market cap of $23.18 million, a price-to-earnings ratio of 14.69 and a beta of 0.87.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Fortis Capital Advisors LLC acquired a new position in Invesco S&P Emerging Markets Momentum ETF during the 4th quarter valued at about $523,000. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco S&P Emerging Markets Momentum ETF in the fourth quarter worth $259,000. Finally, Equitable Holdings Inc. lifted its holdings in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% in 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 period.
About Invesco S&P Emerging Markets Momentum ETF
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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