Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Significant Growth in Short Interest

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 7,489,190 shares, an increase of 1,687.7% from the January 15th total of 418,919 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily volume of 3,077,830 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 3,077,830 shares, the days-to-cover ratio is presently 2.4 days. Approximately 5.1% of the shares of the stock are short sold.

Invesco National AMT-Free Municipal Bond ETF Price Performance

PZA stock traded down $0.04 on Wednesday, reaching $23.33. The company had a trading volume of 730,831 shares, compared to its average volume of 2,033,160. The company’s fifty day moving average is $23.25 and its 200 day moving average is $23.01. Invesco National AMT-Free Municipal Bond ETF has a 1 year low of $21.49 and a 1 year high of $23.79.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.0731 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MAI Capital Management purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 2nd quarter valued at approximately $32,000. Blair William & Co. IL raised its stake in Invesco National AMT-Free Municipal Bond ETF by 795.2% during the third quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock valued at $34,000 after buying an additional 1,320 shares in the last quarter. Coston McIsaac & Partners bought a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 4th quarter valued at approximately $40,000. United Financial Planning Group LLC bought a new position in Invesco National AMT-Free Municipal Bond ETF during the third quarter worth $52,000. Finally, Westside Investment Management Inc. bought a new position in Invesco National AMT-Free Municipal Bond ETF during the second quarter worth $56,000.

About Invesco National AMT-Free Municipal Bond ETF

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