Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Short Interest Down 69.2% in July

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,837 shares, a drop of 69.2% from the June 30th total of 80,600 shares. Based on an average daily volume of 34,315 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.2% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Equitable Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 3,438 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Invesco S&P Emerging Markets Momentum ETF in the fourth quarter valued at approximately $523,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Invesco S&P Emerging Markets Momentum ETF during the fourth quarter worth approximately $259,000.

Invesco S&P Emerging Markets Momentum ETF Stock Down 4.2%

NYSEARCA EEMO opened at $20.51 on Friday. Invesco S&P Emerging Markets Momentum ETF has a 12-month low of $16.24 and a 12-month high of $26.17. The company has a market capitalization of $23.59 million, a PE ratio of 14.69 and a beta of 0.87. The firm’s 50 day moving average is $22.92 and its 200-day moving average is $20.24.

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.