Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 37,363 shares, a growth of 566.8% from the August 31st total of 5,603 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,468 shares, the days-to-cover ratio is presently 1.2 days.
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. Foundations Investment Advisors LLC bought a new stake in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,744 shares of the company’s stock, valued at approximately $259,000. Foundations Investment Advisors LLC owned 2.27% of Invesco S&P Emerging Markets Momentum ETF as of its most recent SEC filing.
Invesco S&P Emerging Markets Momentum ETF Stock Up 2.0%
Shares of EEMO stock traded up $0.46 during trading hours on Friday, hitting $23.06. 5,841 shares of the company’s stock were exchanged, compared to its average volume of 15,421. 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. The firm has a market cap of $26.52 million, a P/E ratio of 14.69 and a beta of 0.92. The firm has a 50 day moving average of $21.71 and a two-hundred day moving average of $21.28.
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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