Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Sees Significant Decrease in Short Interest

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a large drop in short interest in 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 stock are short sold. Based on an average daily trading volume, of 483 shares, the days-to-cover ratio is presently 7.1 days.

Invesco S&P Emerging Markets Momentum ETF Price Performance

Invesco S&P Emerging Markets Momentum ETF stock opened at $16.47 on Monday. The stock’s 50 day moving average price is $18.20 and its 200 day moving average price is $17.98. Invesco S&P Emerging Markets Momentum ETF has a 1-year low of $12.85 and a 1-year high of $19.11. The company has a market cap of $10.71 million, a PE ratio of 14.69 and a beta of 0.66.

Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EEMO. Foundations Investment Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF in the 4th quarter valued at about $259,000. Fortis Capital Advisors LLC acquired a new stake in shares of Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at about $523,000. Finally, Equitable Holdings Inc. boosted its holdings in Invesco S&P Emerging Markets Momentum ETF by 4.4% during the third 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 in the last quarter.

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.