Short Interest in Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) Expands By 26.3%

Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 4,336 shares, an increase of 26.3% from the March 15th total of 3,432 shares. Based on an average daily trading volume, of 1,417 shares, the short-interest ratio is presently 3.1 days. Approximately 0.7% of the shares of the stock are short sold.

Invesco S&P Emerging Markets Momentum ETF Price Performance

Invesco S&P Emerging Markets Momentum ETF stock traded up $0.15 during mid-day trading on Thursday, reaching $19.50. The company had a trading volume of 5,840 shares, compared to its average volume of 2,606. Invesco S&P Emerging Markets Momentum ETF has a 1 year low of $14.16 and a 1 year high of $19.69. The company has a market capitalization of $12.68 million, a P/E ratio of 14.69 and a beta of 0.72. The stock’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $17.97.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EEMO. Foundations Investment Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $259,000. Fortis Capital Advisors LLC purchased a new position in shares of Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth approximately $523,000. Finally, Equitable Holdings Inc. increased its stake in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% during the 3rd quarter. Equitable Holdings Inc. now owns 81,905 shares of the company’s stock worth $1,472,000 after purchasing an additional 3,438 shares in the last 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.