Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 27,971 shares, a decrease of 52.4% from the August 15th total of 58,756 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 60,866 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of Invesco MSCI EAFE Income Advantage ETF
A number of hedge funds have recently made changes to their positions in EFAA. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the 4th quarter worth approximately $43,000. Sunbelt Securities Inc. purchased a new position in Invesco MSCI EAFE Income Advantage ETF during the fourth quarter valued at $52,000. Osaic Holdings Inc. purchased a new position in Invesco MSCI EAFE Income Advantage ETF during the second quarter valued at $67,000. IAG Wealth Partners LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF in the first quarter worth $130,000. Finally, Cerity Partners LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF in the second quarter worth $206,000.
Invesco MSCI EAFE Income Advantage ETF Price Performance
NYSEARCA:EFAA opened at $56.31 on Monday. Invesco MSCI EAFE Income Advantage ETF has a one year low of $51.10 and a one year high of $57.39. The company’s 50-day simple moving average is $56.40 and its 200 day simple moving average is $55.22. The firm has a market capitalization of $619.97 million, a P/E ratio of 16.37 and a beta of 0.36.
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.
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