Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) Shares Shorted: Short Interest Up 265.9% in September

Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 39,347 shares, a growth of 265.9% from the September 15th total of 10,754 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 80,788 shares, the short-interest ratio is currently 0.5 days.

Invesco MSCI EAFE Income Advantage ETF Trading Up 0.2%

EFAA stock traded up $0.09 during midday trading on Monday, hitting $54.50. The company had a trading volume of 284,250 shares, compared to its average volume of 91,638. The stock has a market cap of $662.72 million, a price-to-earnings ratio of 16.37 and a beta of 0.38. Invesco MSCI EAFE Income Advantage ETF has a 52 week low of $51.10 and a 52 week high of $57.39. The stock’s 50 day moving average price is $56.22 and its 200 day moving average price is $55.38.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco MSCI EAFE Income Advantage ETF by 17.7% in the second quarter. Envestnet Asset Management Inc. now owns 120,115 shares of the company’s stock valued at $6,698,000 after acquiring an additional 18,023 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF during the second quarter valued at about $247,000. NewEdge Advisors LLC raised its stake in shares of Invesco MSCI EAFE Income Advantage ETF by 40.1% during the second quarter. NewEdge Advisors LLC now owns 94,722 shares of the company’s stock valued at $5,282,000 after acquiring an additional 27,119 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 1.2% during the second quarter. IFP Advisors Inc now owns 22,901 shares of the company’s stock worth $1,277,000 after purchasing an additional 278 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 17.4% during the second quarter. Brown Lisle Cummings Inc. now owns 38,760 shares of the company’s stock worth $2,161,000 after purchasing an additional 5,756 shares during the period.

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.