Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 21,219 shares, the short-interest ratio is presently 3.7 days. Approximately 12.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Equitable Holdings Inc. grew its position in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% during the third quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock valued at $1,472,000 after purchasing an additional 3,438 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF during the fourth quarter valued at about $523,000. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF during the fourth quarter valued at about $259,000.
Invesco S&P Emerging Markets Momentum ETF Stock Performance
Shares of EEMO stock opened at $21.67 on Thursday. Invesco S&P Emerging Markets Momentum ETF has a 52-week low of $16.24 and a 52-week high of $24.94. The firm has a market capitalization of $14.09 million, a PE ratio of 14.69 and a beta of 0.88. The stock has a fifty day simple moving average of $21.03 and a two-hundred day simple moving average of $19.06.
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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