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

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 37,363 shares, a growth of 566.8% from the August 31st total of 5,603 shares. Based on an average daily volume of 30,468 shares, the short-interest ratio is currently 1.2 days. Currently, 3.2% of the company’s shares are sold short.

Invesco S&P Emerging Markets Momentum ETF Stock Up 2.0%

Shares of Invesco S&P Emerging Markets Momentum ETF stock opened at $23.06 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 business has a fifty day simple moving average of $21.71 and a 200 day simple moving average of $21.28. The stock has a market cap of $26.52 million, a PE ratio of 14.69 and a beta of 0.92.

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

A hedge fund recently bought a new position in Invesco S&P Emerging Markets Momentum ETF stock. Foundations Investment Advisors LLC bought a new position in shares of Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 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 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.