Invesco BLDRS Emerging Markets 50 ADR Index Fund (NASDAQ:ADRE) Short Interest Up 253.9% in August

Invesco BLDRS Emerging Markets 50 ADR Index Fund (NASDAQ:ADRE) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 81,400 shares, an increase of 253.9% from the August 15th total of 23,000 shares. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is presently 7.2 days.

Shares of ADRE opened at $50.87 on Friday. Invesco BLDRS Emerging Markets 50 ADR Index Fund has a fifty-two week low of $43.95 and a fifty-two week high of $67.06. The firm’s 50-day simple moving average is $51.66 and its two-hundred day simple moving average is $54.33.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in Invesco BLDRS Emerging Markets 50 ADR Index Fund during the 1st quarter valued at approximately $2,701,000. Wells Fargo & Company MN increased its position in Invesco BLDRS Emerging Markets 50 ADR Index Fund by 127.7% during the 2nd quarter. Wells Fargo & Company MN now owns 63,959 shares of the company’s stock valued at $3,713,000 after buying an additional 35,865 shares in the last quarter. City of London Investment Management Co. Ltd. bought a new position in Invesco BLDRS Emerging Markets 50 ADR Index Fund during the 2nd quarter valued at approximately $1,759,000. Jane Street Group LLC raised its position in shares of Invesco BLDRS Emerging Markets 50 ADR Index Fund by 580.9% in the 1st quarter. Jane Street Group LLC now owns 33,983 shares of the company’s stock worth $1,913,000 after purchasing an additional 28,992 shares during the last quarter. Finally, Merriman Wealth Management LLC purchased a new position in shares of Invesco BLDRS Emerging Markets 50 ADR Index Fund in the 1st quarter worth about $1,143,000.

Invesco BLDRS Emerging Markets 50 ADR Index Fund Company Profile

BLDRS Emerging Markets 50 ADR Index Fund (the Fund) is an exchange-traded fund based on the BNY Mellon Emerging Markets 50 ADR Index (the Index). The Fund normally holds at least 95% of its total assets in Depositary Receipts that comprise the Index. The Index is capitalization-weighted and designed to track the performance of approximately 50 emerging market-based depositary receipts.

Further Reading: Index Funds

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