Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Stock Short Interest Rises 265.9%

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 39,347 shares, a growth of 265.9% from the September 15th total of 10,754 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 80,788 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 1.2% during the second quarter. IFP Advisors Inc now owns 22,901 shares of the company’s stock worth $1,277,000 after buying an additional 278 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Invesco MSCI EAFE Income Advantage ETF by 4.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 17,768 shares of the company’s stock valued at $991,000 after buying an additional 752 shares in the last quarter. Verus Capital Partners LLC increased its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 39.8% in the 1st quarter. Verus Capital Partners LLC now owns 7,333 shares of the company’s stock worth $387,000 after acquiring an additional 2,089 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 7.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 33,004 shares of the company’s stock worth $1,741,000 after acquiring an additional 2,165 shares during the last quarter. Finally, IAG Wealth Partners LLC acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the 1st quarter worth $130,000.

Invesco MSCI EAFE Income Advantage ETF Stock Up 0.3%

Shares of NYSEARCA:EFAA traded up $0.16 during trading on Friday, reaching $54.41. 66,391 shares of the company’s stock traded hands, compared to its average volume of 90,648. Invesco MSCI EAFE Income Advantage ETF has a fifty-two week low of $51.10 and a fifty-two week high of $57.39. The firm has a market cap of $661.63 million, a PE ratio of 16.37 and a beta of 0.38. The company has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $55.35.

Invesco MSCI EAFE Income Advantage ETF Company Profile

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.