Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Stock Short Interest Drops 52.6%

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 18,657 shares, a decrease of 52.6% from the September 30th total of 39,347 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 132,851 shares, the days-to-cover ratio is currently 0.1 days.

Invesco MSCI EAFE Income Advantage ETF Price Performance

Invesco MSCI EAFE Income Advantage ETF stock traded down $0.23 during mid-day trading on Friday, hitting $54.44. The company’s stock had a trading volume of 71,164 shares, compared to its average volume of 90,190. The stock has a market cap of $675.60 million, a price-to-earnings ratio of 16.37 and a beta of 0.38. The business has a 50 day moving average price of $55.49 and a 200-day moving average price of $55.26. Invesco MSCI EAFE Income Advantage ETF has a 12 month low of $51.10 and a 12 month high of $57.39.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of EFAA. IAG Wealth Partners LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the first quarter valued at $130,000. Asset Allocation Strategies LLC purchased a new stake in Invesco MSCI EAFE Income Advantage ETF during the 2nd quarter valued at about $214,000. MinichMacGregor Wealth Management LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF during the 3rd quarter valued at about $222,000. Integrated Wealth Concepts LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF during the 2nd quarter valued at about $247,000. Finally, Adalta Capital Management LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF during the 1st quarter valued at about $316,000.

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.