Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA – Get Free Report) was the target of a large 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. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 80,788 shares, the short-interest ratio is presently 0.5 days.
Invesco MSCI EAFE Income Advantage ETF Price Performance
Shares of EFAA stock traded up $0.16 during trading on Friday, hitting $54.41. 66,391 shares of the stock traded hands, compared to its average volume of 90,648. Invesco MSCI EAFE Income Advantage ETF has a 52-week low of $51.10 and a 52-week high of $57.39. The firm has a market capitalization of $661.63 million, a P/E ratio of 16.37 and a beta of 0.38. The firm’s fifty day moving average price is $56.22 and its 200-day moving average price is $55.35.
Institutional Investors Weigh In On Invesco MSCI EAFE Income Advantage ETF
Institutional investors have recently modified their holdings of the company. Lee Johnson Capital Management LLC grew its position in 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 acquiring an additional 23,268 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of 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 purchasing an additional 56,185 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco MSCI EAFE Income Advantage ETF by 17.7% during the second quarter. Envestnet Asset Management Inc. now owns 120,115 shares of the company’s stock worth $6,698,000 after purchasing an additional 18,023 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 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 valued at $5,282,000 after purchasing an additional 27,119 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of 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 purchasing an additional 70,325 shares during the period.
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.
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