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

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 16,320 shares, a decrease of 87.0% from the July 15th total of 125,647 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 72,104 shares, the days-to-cover ratio is currently 0.2 days.

Invesco MSCI EAFE Income Advantage ETF Stock Performance

Shares of NYSEARCA:EFAA traded up $0.08 during midday trading on Wednesday, hitting $57.18. The company’s stock had a trading volume of 32,268 shares, compared to its average volume of 93,032. The stock’s 50 day simple moving average is $55.75 and its 200 day simple moving average is $55.11. The stock has a market capitalization of $629.55 million, a price-to-earnings 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.

Institutional Trading of Invesco MSCI EAFE Income Advantage ETF

Hedge funds have recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in Invesco MSCI EAFE Income Advantage ETF during the fourth quarter worth approximately $1,383,000. SageGuard Financial Group LLC acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the fourth quarter valued at approximately $3,777,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the fourth quarter valued at approximately $3,915,000. MJP Associates Inc. ADV boosted its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 84.4% during the 4th quarter. MJP Associates Inc. ADV now owns 46,997 shares of the company’s stock worth $2,540,000 after acquiring an additional 21,509 shares during the period. Finally, Split Rock Private Trading & Wealth Management LLC acquired a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the 4th quarter worth approximately $1,808,000.

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.