Short Interest in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Expands By 133.5%

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 204,301 shares, an increase of 133.5% from the July 15th total of 87,494 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 258,223 shares, the days-to-cover ratio is currently 0.8 days.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.2%

NYSEARCA PWZ traded down $0.06 on Friday, hitting $24.15. 436,869 shares of the stock were exchanged, compared to its average volume of 230,637. The company’s 50-day moving average price is $24.27 and its two-hundred day moving average price is $24.23. Invesco California AMT-Free Municipal Bond ETF has a 52-week low of $22.97 and a 52-week high of $24.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its stake in Invesco California AMT-Free Municipal Bond ETF by 41.3% in the 1st quarter. Jane Street Group LLC now owns 268,578 shares of the company’s stock worth $6,406,000 after acquiring an additional 78,542 shares in the last quarter. Cetera Investment Advisers grew its stake in Invesco California AMT-Free Municipal Bond ETF by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 20,568 shares of the company’s stock valued at $480,000 after acquiring an additional 1,035 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $657,000. Corient Private Wealth LLC acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $227,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 232,168 shares of the company’s stock worth $5,553,000 after purchasing an additional 66,597 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Company Profile

The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity. PWZ was launched on Oct 11, 2007 and is managed by Invesco.