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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 15,912 shares, a decrease of 69.1% from the July 30th total of 51,467 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 18,181 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Invesco S&P Emerging Markets Momentum ETF stock. Foundations Investment Advisors LLC purchased a new stake in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,744 shares of the company’s stock, valued at approximately $259,000. Foundations Investment Advisors LLC owned 2.27% of Invesco S&P Emerging Markets Momentum ETF at the end of the most recent reporting period.

Invesco S&P Emerging Markets Momentum ETF Trading Down 0.8%

EEMO traded down $0.19 during trading on Friday, reaching $22.24. The stock had a trading volume of 3,086 shares, compared to its average volume of 14,715. The company has a market capitalization of $25.58 million, a price-to-earnings ratio of 14.69 and a beta of 0.90. The stock’s 50 day moving average is $21.84 and its two-hundred day moving average is $20.73. Invesco S&P Emerging Markets Momentum ETF has a one year low of $16.24 and a one year high of $26.17.

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.