Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 58,756 shares, an increase of 260.0% from the July 30th total of 16,320 shares. Based on an average daily volume of 76,834 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short.
Invesco MSCI EAFE Income Advantage ETF Stock Performance
Shares of Invesco MSCI EAFE Income Advantage ETF stock traded down $0.24 during midday trading on Friday, reaching $56.68. 49,299 shares of the company’s stock traded hands, compared to its average volume of 90,520. Invesco MSCI EAFE Income Advantage ETF has a 52 week low of $51.10 and a 52 week high of $57.39. The company’s 50 day simple moving average is $56.16 and its 200 day simple moving average is $55.23. The company has a market cap of $624.05 million, a price-to-earnings ratio of 16.37 and a beta of 0.36.
Institutional Investors Weigh In On Invesco MSCI EAFE Income Advantage ETF
A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 27.0% during the fourth quarter. LPL Financial LLC now owns 536,601 shares of the company’s stock worth $29,003,000 after buying an additional 114,090 shares during the last quarter. Private Advisor Group LLC boosted its position in Invesco MSCI EAFE Income Advantage ETF by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 363,482 shares of the company’s stock valued at $19,646,000 after buying an additional 21,027 shares in the last quarter. Lee Johnson Capital Management LLC boosted its holdings in shares of 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 worth $12,173,000 after acquiring an additional 23,268 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco MSCI EAFE Income Advantage ETF by 58.2% in 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. Finally, Steward Partners Investment Advisory LLC grew its holdings in Invesco MSCI EAFE Income Advantage ETF by 33.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 132,620 shares of the company’s stock worth $7,168,000 after acquiring an additional 33,043 shares during the last quarter.
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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