Short Interest in Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Declines By 97.1%

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 9,454 shares, a drop of 97.1% from the February 12th total of 326,090 shares. Based on an average trading volume of 136,716 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 136,716 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EFAA. Steward Partners Investment Advisory LLC grew its stake in Invesco MSCI EAFE Income Advantage ETF by 1.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 17,077 shares of the company’s stock worth $881,000 after buying an additional 245 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the 2nd quarter valued at $206,000. NewEdge Advisors LLC bought a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the 2nd quarter worth $1,473,000. Jane Street Group LLC lifted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 172.6% during the 2nd quarter. Jane Street Group LLC now owns 14,728 shares of the company’s stock worth $760,000 after acquiring an additional 9,325 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Invesco MSCI EAFE Income Advantage ETF by 329.7% in the second quarter. Bank of America Corp DE now owns 11,817 shares of the company’s stock worth $610,000 after acquiring an additional 9,067 shares in the last quarter.

Invesco MSCI EAFE Income Advantage ETF Stock Up 0.6%

NYSEARCA:EFAA traded up $0.34 during mid-day trading on Tuesday, hitting $54.01. 104,427 shares of the stock traded hands, compared to its average volume of 107,751. The business’s 50-day moving average price is $55.54 and its 200 day moving average price is $53.94. The company has a market cap of $321.90 million, a PE ratio of 16.37 and a beta of 0.25. Invesco MSCI EAFE Income Advantage ETF has a 12-month low of $43.61 and a 12-month high of $57.12.

Invesco MSCI EAFE Income Advantage ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.3996 dividend. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Invesco MSCI EAFE Income Advantage ETF’s previous monthly dividend of $0.39.

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.