Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Short Interest Update

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,971 shares, a decline of 52.4% from the August 15th total of 58,756 shares. Based on an average daily trading volume, of 60,866 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Institutional investors have recently made changes to their positions in the stock. Lee Johnson Capital Management LLC raised its stake in Invesco MSCI EAFE Income Advantage ETF by 11.2% during the 1st quarter. Lee Johnson Capital Management LLC now owns 230,813 shares of the company’s stock worth $12,173,000 after buying an additional 23,268 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 58.2% in the 1st quarter. Cetera Investment Advisers now owns 152,789 shares of the company’s stock worth $8,058,000 after purchasing an additional 56,185 shares in the last quarter. UBS Group AG grew its position in Invesco MSCI EAFE Income Advantage ETF by 107.5% in the 4th quarter. UBS Group AG now owns 114,323 shares of the company’s stock valued at $6,179,000 after purchasing an additional 59,234 shares during the period. NewEdge Advisors LLC increased its stake in Invesco MSCI EAFE Income Advantage ETF by 40.1% during the 2nd quarter. NewEdge Advisors LLC now owns 94,722 shares of the company’s stock valued at $5,282,000 after purchasing an additional 27,119 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Invesco MSCI EAFE Income Advantage ETF by 280.7% during the first quarter. Chicago Partners Investment Group LLC now owns 95,375 shares of the company’s stock worth $5,189,000 after buying an additional 70,325 shares during the last quarter.

Invesco MSCI EAFE Income Advantage ETF Stock Performance

Shares of EFAA stock traded down $0.14 during trading hours on Wednesday, hitting $55.71. 214,083 shares of the company were exchanged, compared to its average volume of 90,025. The company has a 50 day simple moving average of $56.40 and a two-hundred day simple moving average of $55.21. The firm has a market cap of $613.37 million, a P/E ratio of 16.37 and a beta of 0.36. Invesco MSCI EAFE Income Advantage ETF has a fifty-two week low of $51.10 and a fifty-two week high of $57.39.

About Invesco MSCI EAFE Income Advantage ETF

The Invesco MSCI EAFE Income Advantage ETF (EFAA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the MSCI EAFE Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection EFAA was launched on Jul 17, 2024 and is issued by Invesco.