Short Interest in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Increases By 26.3%

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,336 shares, an increase of 26.3% from the March 15th total of 3,432 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,417 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at $259,000. Fortis Capital Advisors LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at $523,000. Finally, Equitable Holdings Inc. boosted its holdings 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 purchasing an additional 3,438 shares during the period.

Invesco S&P Emerging Markets Momentum ETF Trading Up 2.0%

NYSEARCA:EEMO traded up $0.40 during midday trading on Friday, reaching $20.00. The company had a trading volume of 1,107 shares, compared to its average volume of 2,588. The firm has a market capitalization of $13 million, a price-to-earnings ratio of 14.69 and a beta of 0.72. The stock’s fifty day simple moving average is $18.08 and its 200-day simple moving average is $17.98. Invesco S&P Emerging Markets Momentum ETF has a 12-month low of $14.16 and a 12-month high of $20.04.

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.