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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,316 shares, an increase of 132.1% from the December 31st total of 2,721 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 3,517 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 3,517 shares, the short-interest ratio is currently 1.8 days. Currently, 1.0% of the shares of the company are sold short.

Invesco S&P Emerging Markets Momentum ETF Price Performance

Shares of EEMO traded down $0.48 during mid-day trading on Friday, hitting $18.39. The stock had a trading volume of 4,226 shares, compared to its average volume of 4,276. Invesco S&P Emerging Markets Momentum ETF has a 52 week low of $12.85 and a 52 week high of $18.89. The business has a fifty day moving average price of $17.93 and a 200-day moving average price of $17.75. The firm has a market cap of $11.95 million, a P/E ratio of 14.69 and a beta of 0.66.

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

A hedge fund recently bought a new stake in Invesco S&P Emerging Markets Momentum ETF stock. Fortis Capital Advisors LLC acquired a new position in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,778 shares of the company’s stock, valued at approximately $523,000. Fortis Capital Advisors LLC owned approximately 4.58% of Invesco S&P Emerging Markets Momentum ETF at the end of the most recent quarter.

Invesco S&P Emerging Markets Momentum ETF Company Profile

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.