Invesco S&P Emerging Markets Momentum ETF (NYSEARCA:EEMO – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 16,141 shares, a growth of 151.4% from the April 30th total of 6,420 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 9,295 shares, the days-to-cover ratio is currently 1.7 days.
Hedge Funds Weigh In On Invesco S&P Emerging Markets Momentum ETF
A number of hedge funds have recently bought and sold shares of the business. Foundations Investment Advisors LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF during the fourth quarter worth approximately $259,000. Fortis Capital Advisors LLC purchased a new position in Invesco S&P Emerging Markets Momentum ETF during the fourth quarter worth approximately $523,000. Finally, Equitable Holdings Inc. boosted its position in 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 purchasing an additional 3,438 shares in the last quarter.
Invesco S&P Emerging Markets Momentum ETF Price Performance
EEMO stock traded up $0.58 during mid-day trading on Monday, reaching $24.61. 24,923 shares of the company’s stock were exchanged, compared to its average volume of 5,105. The company has a market cap of $16.00 million, a price-to-earnings ratio of 14.69 and a beta of 0.84. The stock’s 50 day moving average is $20.03 and its 200 day moving average is $18.75. Invesco S&P Emerging Markets Momentum ETF has a 12-month low of $15.81 and a 12-month high of $24.63.
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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