Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Significant Decline in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,710 shares, a drop of 58.6% from the July 15th total of 18,630 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 26,282 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Invesco New York AMT-Free Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the 1st quarter worth approximately $211,000. JPMorgan Chase & Co. raised its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 42.3% in the second quarter. JPMorgan Chase & Co. now owns 11,752 shares of the company’s stock valued at $254,000 after buying an additional 3,492 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 170,421 shares of the company’s stock valued at $3,688,000 after buying an additional 3,114 shares during the period. UBS Group AG boosted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 2.8% in the third quarter. UBS Group AG now owns 32,207 shares of the company’s stock valued at $716,000 after buying an additional 882 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF during the third quarter worth approximately $281,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Up 0.1%

Shares of PZT traded up $0.03 during midday trading on Monday, reaching $22.26. 1,738 shares of the stock were exchanged, compared to its average volume of 25,870. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $21.23 and a twelve month high of $22.75. The stock’s 50 day simple moving average is $22.44 and its 200 day simple moving average is $22.39.

About Invesco New York AMT-Free Municipal Bond ETF

The PowerShares New York AMT-Free Municipal Bond Portfolio (the Fund), formerly The PowerShares Insured New York Municipal Bond Portfolio, is based on The BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index (Index). The Fund will invest at least 80% of its total assets in municipal securities that comprise the Index. The Index is composed of the United States dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any of the United States territory, or their political subdivisions, in the the United States domestic market with a term of at least 15 years remaining to final maturity.