Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Short Interest Down 87.0% in July

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EFAA. LPL Financial LLC boosted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 27.0% in the 4th quarter. LPL Financial LLC now owns 536,601 shares of the company’s stock valued at $29,003,000 after purchasing an additional 114,090 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF in the 4th quarter valued at $3,915,000. Chicago Partners Investment Group LLC lifted its position in shares of Invesco MSCI EAFE Income Advantage ETF by 280.7% during the 1st quarter. Chicago Partners Investment Group LLC now owns 95,375 shares of the company’s stock worth $5,189,000 after buying an additional 70,325 shares during the last quarter. SageGuard Financial Group LLC bought a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the 4th quarter worth $3,777,000. Finally, UBS Group AG boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 107.5% in the fourth quarter. UBS Group AG now owns 114,323 shares of the company’s stock valued at $6,179,000 after buying an additional 59,234 shares in the last quarter.

Invesco MSCI EAFE Income Advantage ETF Stock Up 0.1%

Shares of EFAA traded up $0.08 during trading hours on Wednesday, hitting $57.18. The company had a trading volume of 32,268 shares, compared to its average volume of 93,032. The firm has a market cap of $629.55 million, a price-to-earnings ratio of 16.37 and a beta of 0.36. The business has a fifty day moving average of $55.75 and a 200-day moving average of $55.11. Invesco MSCI EAFE Income Advantage ETF has a 12 month low of $51.10 and a 12 month high of $57.39.

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.