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

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 45,688 shares, an increase of 762.5% from the November 30th total of 5,297 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 19,331 shares, the short-interest ratio is presently 2.4 days. Based on an average trading volume of 19,331 shares, the short-interest ratio is presently 2.4 days. Approximately 0.7% of the shares of the company are sold short.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

PZT traded up $0.03 during trading on Wednesday, hitting $22.35. The stock had a trading volume of 20,024 shares, compared to its average volume of 26,162. The company’s 50-day moving average price is $22.45 and its 200 day moving average price is $21.95. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $20.19 and a twelve month high of $23.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in Invesco New York AMT-Free Municipal Bond ETF during the first quarter worth $232,000. Wealthfront Advisers LLC purchased a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the second quarter valued at $267,000. Ameritas Advisory Services LLC purchased a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the second quarter valued at $26,000. Kestra Advisory Services LLC raised its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 21.6% during the 1st quarter. Kestra Advisory Services LLC now owns 37,578 shares of the company’s stock worth $830,000 after buying an additional 6,668 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the 2nd quarter worth about $781,000.

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.