Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Short Interest Up 132.1% in January

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 6,316 shares, a growth of 132.1% from the December 31st total of 2,721 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 3,517 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 3,517 shares, the short-interest ratio is currently 1.8 days. Currently, 1.0% of the company’s stock are sold short.

Invesco S&P Emerging Markets Momentum ETF Price Performance

Shares of EEMO stock traded down $0.48 during trading hours on Friday, reaching $18.39. The company had a trading volume of 4,226 shares, compared to its average volume of 4,276. The company has a market cap of $11.95 million, a price-to-earnings ratio of 14.69 and a beta of 0.66. Invesco S&P Emerging Markets Momentum ETF has a 12 month low of $12.85 and a 12 month high of $18.89. The business has a fifty day simple moving average of $17.93 and a 200-day simple moving average of $17.75.

Institutional Trading of Invesco S&P Emerging Markets Momentum ETF

A hedge fund recently bought a new stake in Invesco S&P Emerging Markets Momentum ETF stock. Fortis Capital Advisors LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,778 shares of the company’s stock, valued at approximately $523,000. Fortis Capital Advisors LLC owned 4.58% of Invesco S&P Emerging Markets Momentum ETF at the end of the most recent 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.