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

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 43,166 shares, a growth of 131.4% from the October 15th total of 18,657 shares. Based on an average daily volume of 70,980 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of Invesco MSCI EAFE Income Advantage ETF

Several large investors have recently modified their holdings of EFAA. Cornerstone Advisory LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the 3rd quarter worth about $36,517,000. Brookstone Capital Management acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter valued at about $8,313,000. Private Advisor Group LLC acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter valued at about $5,339,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter valued at about $5,154,000. Finally, Commonwealth Equity Services LLC bought a new stake in Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter valued at about $3,855,000.

Invesco MSCI EAFE Income Advantage ETF Price Performance

NYSEARCA EFAA opened at $54.58 on Friday. The stock has a market capitalization of $677.34 million, a P/E ratio of 17.12 and a beta of 0.38. The business has a 50 day simple moving average of $54.99 and a 200 day simple moving average of $55.22. Invesco MSCI EAFE Income Advantage ETF has a one year low of $51.10 and a one year high of $57.39.

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.