Short Interest in Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Decreases By 41.0%

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 36,828 shares, a drop of 41.0% from the February 26th total of 62,410 shares. Based on an average daily trading volume, of 40,253 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are sold short.

Invesco New York AMT-Free Municipal Bond ETF Stock Up 0.1%

Shares of Invesco New York AMT-Free Municipal Bond ETF stock traded up $0.02 during trading hours on Friday, reaching $21.99. 33,879 shares of the company were exchanged, compared to its average volume of 25,796. Invesco New York AMT-Free Municipal Bond ETF has a 1 year low of $20.19 and a 1 year high of $22.71. The stock’s fifty day moving average is $22.35 and its 200 day moving average is $22.36.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a dividend of $0.0653 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 23rd.

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

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

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.