Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Short Interest Up 86.3% in March

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 17,609 shares, an increase of 86.3% from the February 26th total of 9,454 shares. Based on an average daily trading volume, of 124,191 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Invesco MSCI EAFE Income Advantage ETF Trading Down 0.6%

Shares of EFAA stock traded down $0.32 during trading hours on Friday, hitting $51.26. The company’s stock had a trading volume of 88,687 shares, compared to its average volume of 103,205. The stock has a market cap of $305.51 million, a PE ratio of 16.37 and a beta of 0.25. Invesco MSCI EAFE Income Advantage ETF has a 12-month low of $43.61 and a 12-month high of $57.12. The company has a 50 day moving average of $54.93 and a 200 day moving average of $53.93.

Invesco MSCI EAFE Income Advantage ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.3996 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Invesco MSCI EAFE Income Advantage ETF’s previous monthly dividend of $0.39. This represents a c) annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On Invesco MSCI EAFE Income Advantage ETF

Institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 1.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 17,077 shares of the company’s stock valued at $881,000 after buying an additional 245 shares during the period. Cerity Partners LLC acquired a new stake in Invesco MSCI EAFE Income Advantage ETF during the second quarter worth about $206,000. NewEdge Advisors LLC purchased a new position in Invesco MSCI EAFE Income Advantage ETF during the second quarter valued at approximately $1,473,000. Jane Street Group LLC lifted its holdings in Invesco MSCI EAFE Income Advantage ETF by 172.6% in the second quarter. Jane Street Group LLC now owns 14,728 shares of the company’s stock valued at $760,000 after acquiring an additional 9,325 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Invesco MSCI EAFE Income Advantage ETF by 329.7% in the second quarter. Bank of America Corp DE now owns 11,817 shares of the company’s stock valued at $610,000 after acquiring an additional 9,067 shares during the period.

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.