Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 11,102 shares, a decline of 60.3% from the September 30th total of 27,978 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 212,176 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF
An institutional investor recently bought a new position in Invesco S&P Emerging Markets Momentum ETF stock. Avior Wealth Management LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,372 shares of the company’s stock, valued at approximately $1,015,000. Avior Wealth Management LLC owned about 1.46% 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 5.2%
NYSEARCA:EEMO traded down $1.07 during trading hours on Friday, reaching $19.43. 45,664 shares of the company traded hands, compared to its average volume of 26,429. The business’s 50-day moving average price is $21.94 and its two-hundred day moving average price is $20.78. Invesco S&P Emerging Markets Momentum ETF has a 1 year low of $16.24 and a 1 year high of $26.17. The stock has a market capitalization of $58.29 million, a P/E ratio of 14.69 and a beta of 0.90.
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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