Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Short Interest Up 107.2% in July

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 51,467 shares, an increase of 107.2% from the July 15th total of 24,837 shares. Based on an average daily volume of 13,347 shares, the short-interest ratio is currently 3.9 days. Approximately 4.5% of the shares of the company are sold short.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

NYSEARCA:EEMO traded up $0.06 during trading on Friday, reaching $22.10. The company’s stock had a trading volume of 9,367 shares, compared to its average volume of 11,491. Invesco S&P Emerging Markets Momentum ETF has a 12 month low of $16.24 and a 12 month high of $26.17. The firm has a market cap of $25.41 million, a price-to-earnings ratio of 14.69 and a beta of 0.90. The firm has a 50 day moving average of $22.18 and a 200-day moving average of $20.48.

Institutional Trading of Invesco S&P Emerging Markets Momentum ETF

A number of large investors have recently added to or reduced their stakes in the stock. Equitable Holdings Inc. boosted its stake 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 acquiring an additional 3,438 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $259,000. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $523,000.

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.