Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Short Interest Down 64.8% in August

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,603 shares, a decline of 64.8% from the August 15th total of 15,912 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 63,786 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco S&P Emerging Markets Momentum ETF

A hedge fund recently raised its stake in Invesco S&P Emerging Markets Momentum ETF stock. Equitable Holdings Inc. increased its position in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,905 shares of the company’s stock after buying an additional 3,438 shares during the period. Equitable Holdings Inc. owned 10.92% of Invesco S&P Emerging Markets Momentum ETF worth $1,472,000 as of its most recent filing with the SEC.

Invesco S&P Emerging Markets Momentum ETF Price Performance

NYSEARCA:EEMO traded down $1.15 during mid-day trading on Monday, hitting $21.70. The company’s stock had a trading volume of 13,437 shares, compared to its average volume of 15,871. The business’s fifty day moving average is $21.60 and its two-hundred day moving average is $21.00. The stock has a market cap of $24.96 million, a price-to-earnings ratio of 14.69 and a beta of 0.92. Invesco S&P Emerging Markets Momentum ETF has a 1 year low of $16.24 and a 1 year high of $26.17.

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.