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

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a large decline in short interest in 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 trading volume of 60,866 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lee Johnson Capital Management LLC grew its position in Invesco MSCI EAFE Income Advantage ETF by 11.2% in the first quarter. Lee Johnson Capital Management LLC now owns 230,813 shares of the company’s stock worth $12,173,000 after acquiring an additional 23,268 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of 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 purchasing an additional 56,185 shares in the last quarter. UBS Group AG lifted its stake in shares of 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 last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 280.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 95,375 shares of the company’s stock valued at $5,189,000 after purchasing an additional 70,325 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Invesco MSCI EAFE Income Advantage ETF by 40.1% in the second quarter. NewEdge Advisors LLC now owns 94,722 shares of the company’s stock worth $5,282,000 after purchasing an additional 27,119 shares in the last quarter.

Invesco MSCI EAFE Income Advantage ETF Price Performance

EFAA traded down $0.27 during trading on Tuesday, reaching $55.85. 57,295 shares of the stock traded hands, compared to its average volume of 89,320. The stock’s 50-day simple moving average is $56.40 and its two-hundred day simple moving average is $55.21. 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 stock has a market cap of $614.91 million, a price-to-earnings ratio of 16.37 and a beta of 0.36.

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.