Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Update

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 1,976 shares, a drop of 67.7% from the August 31st total of 6,110 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 118,506 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PZT. Bank of New York Mellon Corp lifted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 10,359 shares of the company’s stock worth $229,000 after purchasing an additional 678 shares during the last quarter. Mustico Financial Group Inc. grew its stake in Invesco New York AMT-Free Municipal Bond ETF by 18.9% during the 1st quarter. Mustico Financial Group Inc. now owns 11,158 shares of the company’s stock worth $250,000 after buying an additional 1,776 shares during the last quarter. Kestra Advisory Services LLC increased its position in Invesco New York AMT-Free Municipal Bond ETF by 35.1% in the first quarter. Kestra Advisory Services LLC now owns 17,694 shares of the company’s stock worth $391,000 after buying an additional 4,593 shares during the period. Sax Wealth Advisors LLC lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 3.7% in the second quarter. Sax Wealth Advisors LLC now owns 43,231 shares of the company’s stock valued at $954,000 after buying an additional 1,555 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 4.1% in the first quarter. Cetera Investment Advisers now owns 49,531 shares of the company’s stock valued at $1,093,000 after buying an additional 1,949 shares during the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

NYSEARCA:PZT traded down $0.12 on Tuesday, reaching $20.33. The stock had a trading volume of 70,145 shares, compared to its average volume of 33,997. The company has a 50-day moving average of $21.73 and a 200 day moving average of $22.17. Invesco New York AMT-Free Municipal Bond ETF has a 12-month low of $20.29 and a 12-month high of $22.75.

Invesco New York AMT-Free Municipal Bond ETF Company Profile

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.