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 drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,754 shares, a drop of 61.6% from the August 31st total of 27,971 shares. Based on an average daily volume of 70,003 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Lee Johnson Capital Management LLC lifted its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 11.2% in the 1st quarter. Lee Johnson Capital Management LLC now owns 230,813 shares of the company’s stock valued at $12,173,000 after purchasing an additional 23,268 shares during the period. Cetera Investment Advisers grew its holdings in Invesco MSCI EAFE Income Advantage ETF by 58.2% during the first quarter. Cetera Investment Advisers now owns 152,789 shares of the company’s stock worth $8,058,000 after buying an additional 56,185 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 17.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 120,115 shares of the company’s stock worth $6,698,000 after acquiring an additional 18,023 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Invesco MSCI EAFE Income Advantage ETF by 280.7% during the first quarter. Chicago Partners Investment Group LLC now owns 95,375 shares of the company’s stock valued at $5,189,000 after acquiring an additional 70,325 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Invesco MSCI EAFE Income Advantage ETF by 40.1% during the second quarter. NewEdge Advisors LLC now owns 94,722 shares of the company’s stock valued at $5,282,000 after buying an additional 27,119 shares during the period.

Invesco MSCI EAFE Income Advantage ETF Stock Down 0.3%

Shares of EFAA traded down $0.17 during midday trading on Tuesday, reaching $55.18. 57,572 shares of the stock were exchanged, compared to its average volume of 88,733. The stock’s 50 day simple moving average is $56.38 and its 200 day simple moving average is $55.26. The company has a market cap of $670.99 million, a P/E ratio of 16.37 and a beta of 0.36. Invesco MSCI EAFE Income Advantage ETF has a twelve month low of $51.10 and a twelve 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.