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

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a significant decline in short interest during the month of 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 daily trading volume, of 132,851 shares, the short-interest ratio is presently 0.1 days.

Invesco MSCI EAFE Income Advantage ETF Stock Down 0.4%

Shares of NYSEARCA EFAA traded down $0.23 during midday trading on Friday, hitting $54.44. The stock had a trading volume of 71,164 shares, compared to its average volume of 90,190. The business’s 50 day moving average is $55.44 and its 200-day moving average is $55.25. The company has a market cap of $675.60 million, a P/E 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.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new stake in Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter worth about $8,313,000. Chicago Partners Investment Group LLC purchased a new position in Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter worth about $5,154,000. Cetera Investment Advisers lifted its stake in Invesco MSCI EAFE Income Advantage ETF by 58.2% during the 1st quarter. Cetera Investment Advisers now owns 152,789 shares of the company’s stock valued at $8,058,000 after acquiring an additional 56,185 shares during the period. Phillip James Consulting Co. bought a new position in Invesco MSCI EAFE Income Advantage ETF during the 1st quarter valued at about $2,106,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco MSCI EAFE Income Advantage ETF during the 1st quarter valued at about $2,029,000.

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.