Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Sees Large Growth in Short Interest

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 125,647 shares, an increase of 96.5% from the June 30th total of 63,955 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 148,951 shares, the days-to-cover ratio is currently 0.8 days.

Invesco MSCI EAFE Income Advantage ETF Stock Performance

NYSEARCA EFAA traded down $0.35 on Friday, hitting $56.19. 50,092 shares of the stock were exchanged, compared to its average volume of 93,638. Invesco MSCI EAFE Income Advantage ETF has a 52-week low of $50.24 and a 52-week high of $57.12. The firm has a market capitalization of $618.65 million, a P/E ratio of 16.37 and a beta of 0.37. The stock has a fifty day moving average price of $55.52 and a two-hundred day moving average price of $55.01.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

A number of large investors have recently made changes to their positions in EFAA. NBC Securities Inc. boosted its position in shares of Invesco MSCI EAFE Income Advantage ETF by 53.3% during the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $62,000 after buying an additional 400 shares during the period. MADDEN SECURITIES Corp grew its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 5.4% during the fourth quarter. MADDEN SECURITIES Corp now owns 9,970 shares of the company’s stock valued at $539,000 after buying an additional 510 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 5.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,994 shares of the company’s stock worth $702,000 after buying an additional 662 shares during the period. Lifestyle Asset Management Inc. raised its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 1.3% in the fourth quarter. Lifestyle Asset Management Inc. now owns 53,174 shares of the company’s stock worth $2,874,000 after buying an additional 667 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the 4th quarter worth approximately $43,000.

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.