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

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

Institutional Inflows and Outflows

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

Invesco S&P Emerging Markets Momentum ETF Stock Performance

EEMO stock remained flat at $17.68 during midday trading on Wednesday. The company had a trading volume of 1,080 shares, compared to its average volume of 3,131. The stock has a market cap of $11.49 million, a price-to-earnings ratio of 14.69 and a beta of 0.66. The stock’s 50-day moving average price is $18.41 and its 200-day moving average price is $17.98. Invesco S&P Emerging Markets Momentum ETF has a 12 month low of $12.85 and a 12 month high of $19.11.

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.