Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 77,918 shares, a growth of 382.7% from the May 14th total of 16,141 shares. Currently, 12.0% of the shares of the company are short sold. Based on an average daily trading volume, of 21,219 shares, the days-to-cover ratio is presently 3.7 days.
Institutional Investors Weigh In On Invesco S&P Emerging Markets Momentum ETF
Several hedge funds and other institutional investors have recently modified their holdings of EEMO. Equitable Holdings Inc. raised its holdings in Invesco S&P Emerging Markets Momentum ETF by 4.4% in the 3rd quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock worth $1,472,000 after purchasing an additional 3,438 shares during the period. Foundations Investment Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth $259,000. Finally, Fortis Capital Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth $523,000.
Invesco S&P Emerging Markets Momentum ETF Price Performance
NYSEARCA EEMO opened at $21.67 on Thursday. Invesco S&P Emerging Markets Momentum ETF has a 1-year low of $16.24 and a 1-year high of $24.94. The stock has a market capitalization of $14.09 million, a price-to-earnings ratio of 14.69 and a beta of 0.88. The business’s fifty day moving average price is $21.03 and its 200-day moving average price is $19.06.
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.
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