Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Sees Large Decrease in Short Interest

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,657 shares, a decline of 52.6% from the September 30th total of 39,347 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 132,851 shares, the short-interest ratio is currently 0.1 days.

Invesco MSCI EAFE Income Advantage ETF Trading Down 0.4%

NYSEARCA EFAA traded down $0.23 during trading hours on Friday, hitting $54.44. The company’s stock had a trading volume of 71,164 shares, compared to its average volume of 90,190. The company has a market capitalization of $675.60 million, a PE ratio of 16.37 and a beta of 0.38. Invesco MSCI EAFE Income Advantage ETF has a 52 week low of $51.10 and a 52 week high of $57.39. The company’s 50-day simple moving average is $55.49 and its two-hundred day simple moving average is $55.26.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the 1st quarter valued at approximately $818,000. Phillip James Consulting Co. purchased a new position in Invesco MSCI EAFE Income Advantage ETF in the 1st quarter valued at approximately $2,106,000. Royal Bank of Canada grew its stake in Invesco MSCI EAFE Income Advantage ETF by 356.0% in the 1st quarter. Royal Bank of Canada now owns 22,069 shares of the company’s stock valued at $1,164,000 after buying an additional 17,229 shares in the last quarter. Citadel Advisors LLC purchased a new position in Invesco MSCI EAFE Income Advantage ETF in the 2nd quarter valued at approximately $1,826,000. Finally, Bank of America Corp DE raised its holdings in Invesco MSCI EAFE Income Advantage ETF by 210.8% during the 1st quarter. Bank of America Corp DE now owns 36,247 shares of the company’s stock valued at $1,912,000 after acquiring an additional 24,584 shares during the period.

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.