Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Short Interest Up 96.5% in July

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

Invesco MSCI EAFE Income Advantage ETF Stock Performance

Shares of NYSEARCA EFAA opened at $55.36 on Thursday. The stock has a fifty day moving average price of $55.49 and a two-hundred day moving average price of $55.00. The firm has a market cap of $609.51 million, a P/E ratio of 16.37 and a beta of 0.37. Invesco MSCI EAFE Income Advantage ETF has a 1 year low of $50.24 and a 1 year high of $57.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its position in Invesco MSCI EAFE Income Advantage ETF by 27.0% in the fourth quarter. LPL Financial LLC now owns 536,601 shares of the company’s stock worth $29,003,000 after acquiring an additional 114,090 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the 4th quarter valued at about $3,915,000. Chicago Partners Investment Group LLC boosted its position in shares of Invesco MSCI EAFE Income Advantage ETF by 280.7% during the 1st 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 in the last quarter. SageGuard Financial Group LLC acquired a new position in shares of Invesco MSCI EAFE Income Advantage ETF in the 4th quarter worth approximately $3,777,000. Finally, UBS Group AG raised its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 107.5% in the 4th quarter. UBS Group AG now owns 114,323 shares of the company’s stock worth $6,179,000 after purchasing an additional 59,234 shares in 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.