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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 24,837 shares, a drop of 69.2% from the June 30th total of 80,600 shares. Based on an average daily trading volume, of 34,315 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.2% of the shares of the stock are short sold.

Invesco S&P Emerging Markets Momentum ETF Price Performance

EEMO stock opened at $20.51 on Friday. The company has a 50 day moving average price of $22.92 and a 200 day moving average price of $20.24. Invesco S&P Emerging Markets Momentum ETF has a fifty-two week low of $16.24 and a fifty-two week high of $26.17. The stock has a market capitalization of $23.59 million, a PE ratio of 14.69 and a beta of 0.87.

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

Institutional investors have recently modified their holdings of the stock. Equitable Holdings Inc. grew its position in shares of 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 purchasing an additional 3,438 shares during the period. Fortis Capital Advisors LLC acquired a new stake in Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $523,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $259,000.

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.