Short Interest in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Declines By 20.4%

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,432 shares, a drop of 20.4% from the February 26th total of 4,309 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 483 shares, the short-interest ratio is presently 7.1 days.

Institutional Investors Weigh In On Invesco S&P Emerging Markets Momentum ETF

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

Invesco S&P Emerging Markets Momentum ETF Stock Performance

EEMO remained flat at $16.90 during trading on Wednesday. The company had a trading volume of 735 shares, compared to its average volume of 2,407. The stock has a 50 day simple moving average of $18.13 and a 200 day simple moving average of $17.95. 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 capitalization of $10.99 million, a price-to-earnings ratio of 14.69 and a beta of 0.66.

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.