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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,324 shares, a drop of 14.3% from the January 29th total of 2,713 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,284 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 1,284 shares, the short-interest ratio is currently 1.8 days. Approximately 0.4% of the shares of the company are short sold.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

Shares of NYSEARCA EEMO remained flat at $17.81 during mid-day trading on Thursday. 234 shares of the company traded hands, compared to its average volume of 3,060. The firm’s 50 day moving average price is $18.41 and its 200-day moving average price is $17.98. Invesco S&P Emerging Markets Momentum ETF has a twelve month low of $12.85 and a twelve month high of $19.11. The company has a market cap of $11.58 million, a price-to-earnings ratio of 14.69 and a beta of 0.66.

Institutional Trading of Invesco S&P Emerging Markets Momentum ETF

Several institutional investors have recently modified their holdings of the company. Foundations Investment Advisors LLC bought a new stake in shares of Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth about $259,000. Fortis Capital Advisors LLC acquired a new position in Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at about $523,000. Finally, Equitable Holdings Inc. boosted its position in 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 valued at $1,472,000 after buying an additional 3,438 shares in the last 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.