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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,721 shares, a drop of 47.0% from the December 15th total of 5,131 shares. Based on an average daily trading volume, of 1,019 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,019 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco S&P Emerging Markets Momentum ETF stock. Equitable Holdings Inc. boosted its holdings in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,905 shares of the company’s stock after buying an additional 3,438 shares during the period. Equitable Holdings Inc. owned approximately 10.92% of Invesco S&P Emerging Markets Momentum ETF worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

Invesco S&P Emerging Markets Momentum ETF Stock Down 0.8%

Shares of EEMO stock traded down $0.14 during trading hours on Friday, reaching $18.40. 5,527 shares of the stock traded hands, compared to its average volume of 3,657. The firm has a market capitalization of $11.96 million, a PE ratio of 14.69 and a beta of 0.66. Invesco S&P Emerging Markets Momentum ETF has a 1-year low of $12.85 and a 1-year high of $18.67. The business has a fifty day moving average price of $17.77 and a 200 day moving average price of $17.63.

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.