Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 5,603 shares, a drop of 64.8% from the August 15th total of 15,912 shares. Based on an average daily trading volume, of 63,786 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are sold short.
Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF
A hedge fund recently raised its stake in Invesco S&P Emerging Markets Momentum ETF stock. Equitable Holdings Inc. lifted its stake in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,905 shares of the company’s stock after purchasing an additional 3,438 shares during the quarter. Equitable Holdings Inc. owned 10.92% of Invesco S&P Emerging Markets Momentum ETF worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Invesco S&P Emerging Markets Momentum ETF Trading Up 1.6%
NYSEARCA:EEMO traded up $0.36 during trading hours on Friday, reaching $22.85. 2,076 shares of the company traded hands, compared to its average volume of 15,885. The business’s 50-day moving average price is $21.60 and its two-hundred day moving average price is $20.99. The stock has a market capitalization of $26.28 million, a P/E ratio of 14.69 and a beta of 0.92. Invesco S&P Emerging Markets Momentum ETF has a 1 year low of $16.24 and a 1 year high of $26.17.
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.
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