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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,054 shares, a decline of 90.5% from the October 15th total of 11,102 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 29,461 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors 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. Avior Wealth Management LLC acquired a new stake in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,372 shares of the company’s stock, valued at approximately $1,015,000. Avior Wealth Management LLC owned 1.46% of Invesco S&P Emerging Markets Momentum ETF at the end of the most recent reporting period.

Invesco S&P Emerging Markets Momentum ETF Trading Up 5.9%

Shares of Invesco S&P Emerging Markets Momentum ETF stock traded up $1.05 during mid-day trading on Wednesday, reaching $19.04. 2,829 shares of the stock were exchanged, compared to its average volume of 44,355. The company has a market cap of $29.50 million, a price-to-earnings ratio of 10.83 and a beta of 0.96. The firm has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $20.77. 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.

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.