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

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

Invesco S&P Emerging Markets Momentum ETF Stock Up 0.5%

Invesco S&P Emerging Markets Momentum ETF stock opened at $22.22 on Thursday. Invesco S&P Emerging Markets Momentum ETF has a 52-week low of $16.24 and a 52-week high of $26.17. The firm has a market cap of $25.55 million, a PE ratio of 14.69 and a beta of 0.90. The company’s 50 day moving average is $21.97 and its two-hundred day moving average is $20.69.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Invesco S&P Emerging Markets Momentum ETF stock. Equitable Holdings Inc. increased its stake in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.