Short Interest in Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Declines By 47.8%

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 18,630 shares, a decrease of 47.8% from the June 30th total of 35,714 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 26,744 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco New York AMT-Free Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in PZT. Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 12.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock worth $8,040,000 after acquiring an additional 38,969 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 10.9% in the third quarter. Bank of America Corp DE now owns 189,019 shares of the company’s stock valued at $4,204,000 after acquiring an additional 18,598 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 19.0% in the fourth quarter. Guggenheim Capital LLC now owns 164,057 shares of the company’s stock valued at $3,660,000 after purchasing an additional 26,155 shares during the period. LPL Financial LLC boosted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 19.9% in the fourth quarter. LPL Financial LLC now owns 160,661 shares of the company’s stock valued at $3,585,000 after purchasing an additional 26,618 shares during the period. Finally, Composition Wealth LLC boosted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 5.9% in the fourth quarter. Composition Wealth LLC now owns 134,464 shares of the company’s stock valued at $3,000,000 after purchasing an additional 7,437 shares during the period.

Invesco New York AMT-Free Municipal Bond ETF Trading Down 0.1%

Shares of NYSEARCA PZT traded down $0.03 during midday trading on Friday, hitting $22.06. The company’s stock had a trading volume of 8,040 shares, compared to its average volume of 26,408. The business’s fifty day simple moving average is $22.48 and its two-hundred day simple moving average is $22.39. Invesco New York AMT-Free Municipal Bond ETF has a 1 year low of $21.21 and a 1 year 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.