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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 51,467 shares, an increase of 107.2% from the July 15th total of 24,837 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 13,347 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Equitable Holdings Inc. grew its stake in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% in the third quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock worth $1,472,000 after acquiring an additional 3,438 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF during the fourth quarter worth $523,000. Finally, Foundations Investment Advisors LLC acquired a new position in Invesco S&P Emerging Markets Momentum ETF during the 4th quarter valued at $259,000.

Invesco S&P Emerging Markets Momentum ETF Price Performance

Shares of NYSEARCA EEMO traded up $0.06 during trading hours on Friday, hitting $22.10. 9,367 shares of the company’s stock were exchanged, compared to its average volume of 11,491. Invesco S&P Emerging Markets Momentum ETF has a 1-year low of $16.24 and a 1-year high of $26.17. The stock has a market capitalization of $25.41 million, a price-to-earnings ratio of 14.69 and a beta of 0.90. The company’s 50-day moving average price is $22.18 and its 200-day moving average price is $20.48.

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.