Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Stock Short Interest Drops 90.5%

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,054 shares, a decline of 90.5% from the October 15th total of 11,102 shares. Based on an average trading volume of 29,461 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF

A hedge fund recently bought a new position in Invesco S&P Emerging Markets Momentum ETF stock. Avior Wealth Management LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,372 shares of the company’s stock, valued at approximately $1,015,000. Avior Wealth Management LLC owned approximately 1.46% of Invesco S&P Emerging Markets Momentum ETF as of its most recent SEC filing.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

Shares of EEMO opened at $18.42 on Friday. 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 capitalization of $28.55 million, a P/E ratio of 10.83 and a beta of 0.95. The company has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $20.77.

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.