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 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. Based on an average daily trading volume, of 9,295 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Equitable Holdings Inc. boosted its position in shares of Invesco S&P Emerging Markets Momentum ETF by 4.4% in 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 during the last quarter. Fortis Capital Advisors LLC acquired a new position in Invesco S&P Emerging Markets Momentum ETF in the 4th quarter worth $523,000. Finally, Foundations Investment Advisors LLC bought a new position in Invesco S&P Emerging Markets Momentum ETF during the 4th quarter worth about $259,000.

Invesco S&P Emerging Markets Momentum ETF Stock Performance

EEMO opened at $24.03 on Friday. The stock has a 50-day moving average of $20.03 and a 200-day moving average of $18.75. The company has a market cap of $15.62 million, a PE ratio of 14.69 and a beta of 0.84. Invesco S&P Emerging Markets Momentum ETF has a 52-week low of $15.68 and a 52-week high of $24.22.

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.