Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Short Interest Up 85.4% in February

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,309 shares, an increase of 85.4% from the February 12th total of 2,324 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 3,184 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 3,184 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the shares of the company are sold short.

Invesco S&P Emerging Markets Momentum ETF Trading Down 1.8%

Invesco S&P Emerging Markets Momentum ETF stock opened at $17.53 on Friday. Invesco S&P Emerging Markets Momentum ETF has a 12-month low of $12.85 and a 12-month high of $19.11. The firm has a market capitalization of $11.39 million, a price-to-earnings ratio of 14.69 and a beta of 0.66. The firm has a 50 day moving average of $18.42 and a 200 day moving average of $17.99.

Institutional Trading of Invesco S&P Emerging Markets Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EEMO. Foundations Investment Advisors LLC bought a new stake in shares of Invesco S&P Emerging Markets Momentum ETF during the 4th quarter valued at $259,000. Fortis Capital Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth $523,000. 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 worth $1,472,000 after buying an additional 3,438 shares during the period.

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.