Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Shares Shorted: Short Interest Down 96.9% in October

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 63 shares, a drop of 96.9% from the September 30th total of 2,003 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 103,336 shares, the days-to-cover ratio is currently 0.0 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter worth approximately $182,000. Bank of New York Mellon Corp lifted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 10,359 shares of the company’s stock worth $229,000 after acquiring an additional 678 shares during the period. Mustico Financial Group Inc. increased its stake in Invesco New York AMT-Free Municipal Bond ETF by 18.9% in the first quarter. Mustico Financial Group Inc. now owns 11,158 shares of the company’s stock valued at $250,000 after acquiring an additional 1,776 shares during the period. Kestra Advisory Services LLC raised 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 purchasing an additional 4,593 shares in the last quarter. Finally, Sax Wealth Advisors LLC raised its position 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 worth $954,000 after purchasing an additional 1,555 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Price Performance

NYSEARCA PZT traded up $0.07 during trading on Tuesday, hitting $21.12. 10,037 shares of the company traded hands, compared to its average volume of 38,108. The business has a fifty day simple moving average of $21.14 and a 200 day simple moving average of $22.07. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $20.21 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.