Short Interest in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Decreases By 57.0%

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,713 shares, a drop of 57.0% from the January 15th total of 6,316 shares. Based on an average daily volume of 5,110 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 5,110 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Equitable Holdings Inc. grew its holdings in Invesco S&P Emerging Markets Momentum ETF by 4.4% during the 3rd quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock worth $1,472,000 after acquiring an additional 3,438 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter valued at $259,000. Finally, Fortis Capital Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter valued at $523,000.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

Shares of NYSEARCA EEMO traded down $0.17 during mid-day trading on Thursday, hitting $18.69. 2,521 shares of the stock were exchanged, compared to its average volume of 3,366. Invesco S&P Emerging Markets Momentum ETF has a twelve month low of $12.85 and a twelve month high of $18.89. The stock’s fifty day simple moving average is $18.12 and its two-hundred day simple moving average is $17.83. The company has a market cap of $12.15 million, a P/E ratio of 14.69 and a beta of 0.66.

Invesco S&P Emerging Markets Momentum ETF Company Profile

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.