Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 77,918 shares, a growth of 382.7% from the May 14th total of 16,141 shares. Approximately 12.0% of the shares of the company are sold short. Based on an average daily volume of 21,219 shares, the short-interest ratio is presently 3.7 days.
Institutional Investors Weigh In On Invesco S&P Emerging Markets Momentum ETF
Hedge funds have recently modified their holdings of the stock. Foundations Investment Advisors LLC bought a new stake in shares of Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth approximately $259,000. Fortis Capital Advisors LLC bought a new stake in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter valued at about $523,000. Finally, Equitable Holdings Inc. raised its stake in 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 acquiring an additional 3,438 shares during the period.
Invesco S&P Emerging Markets Momentum ETF Trading Up 0.0%
Shares of NYSEARCA:EEMO traded up $0.01 during mid-day trading on Friday, reaching $23.53. The company had a trading volume of 15,078 shares, compared to its average volume of 6,687. The firm has a market cap of $15.29 million, a price-to-earnings ratio of 14.69 and a beta of 0.88. The company’s 50-day moving average price is $21.29 and its 200-day moving average price is $19.13. Invesco S&P Emerging Markets Momentum ETF has a one year low of $16.24 and a one year high of $24.94.
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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