Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 18,657 shares, a decline of 52.6% from the September 30th total of 39,347 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 132,851 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFAA. IAG Wealth Partners LLC bought a new position in Invesco MSCI EAFE Income Advantage ETF in the first quarter worth $130,000. Asset Allocation Strategies LLC acquired a new stake in Invesco MSCI EAFE Income Advantage ETF in the second quarter worth about $214,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the third quarter worth approximately $222,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF in the 2nd quarter worth $247,000. Finally, Adalta Capital Management LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the first quarter worth $316,000.
Invesco MSCI EAFE Income Advantage ETF Stock Performance
EFAA traded down $0.23 during trading on Friday, hitting $54.44. 71,164 shares of the stock were exchanged, compared to its average volume of 90,190. The firm has a 50 day simple moving average of $55.44 and a 200 day simple moving average of $55.25. The firm has a market cap of $675.60 million, a price-to-earnings ratio of 16.37 and a beta of 0.38. Invesco MSCI EAFE Income Advantage ETF has a 1 year low of $51.10 and a 1 year high of $57.39.
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.
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