Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 183.0% in February

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 62,410 shares, an increase of 183.0% from the February 12th total of 22,052 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 24,929 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 24,929 shares, the short-interest ratio is presently 2.5 days. Currently, 1.1% of the company’s shares are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the third quarter worth $41,000. Godfrey Financial Associates Inc. bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the fourth quarter worth about $191,000. Valicenti Advisory Services Inc. purchased a new position in Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter worth about $206,000. Jones Financial Companies Lllp bought a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 1st quarter valued at about $211,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter valued at about $220,000.

Invesco New York AMT-Free Municipal Bond ETF Trading Down 0.4%

Shares of PZT traded down $0.10 during mid-day trading on Wednesday, reaching $22.29. 24,293 shares of the company’s stock traded hands, compared to its average volume of 24,457. The stock’s 50-day moving average is $22.40 and its two-hundred day moving average is $22.31. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $20.19 and a 12 month high of $22.71.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0653 per share. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.