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

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 39,347 shares, a growth of 265.9% from the September 15th total of 10,754 shares. Based on an average daily volume of 80,788 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Invesco MSCI EAFE Income Advantage ETF Price Performance

Invesco MSCI EAFE Income Advantage ETF stock traded up $0.03 during trading hours on Tuesday, reaching $54.55. The stock had a trading volume of 9,260 shares, compared to its average volume of 91,268. The company has a market cap of $663.35 million, a price-to-earnings ratio of 16.37 and a beta of 0.38. The business’s 50 day moving average price is $56.18 and its 200-day moving average price is $55.39. Invesco MSCI EAFE Income Advantage ETF has a 52 week low of $51.10 and a 52 week high of $57.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lee Johnson Capital Management LLC lifted its position in Invesco MSCI EAFE Income Advantage ETF by 11.2% during the first quarter. Lee Johnson Capital Management LLC now owns 230,813 shares of the company’s stock valued at $12,173,000 after acquiring an additional 23,268 shares during the last quarter. Cetera Investment Advisers boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 58.2% in the first 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 17.7% in the second quarter. Envestnet Asset Management Inc. now owns 120,115 shares of the company’s stock valued at $6,698,000 after acquiring an additional 18,023 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 280.7% in 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 in the last quarter. Finally, NewEdge Advisors LLC grew 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 during the last quarter.

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.