Short Interest in Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Declines By 33.9%

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 152,298 shares, a decline of 33.9% from the August 15th total of 230,440 shares. Based on an average daily volume of 1,771,142 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Invesco National AMT-Free Municipal Bond ETF Price Performance

PZA stock traded down $0.12 during midday trading on Friday, hitting $21.95. The stock had a trading volume of 1,817,850 shares, compared to its average volume of 1,623,413. The business has a 50-day moving average of $22.80 and a two-hundred day moving average of $23.10. Invesco National AMT-Free Municipal Bond ETF has a 52-week low of $21.95 and a 52-week high of $23.63.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Centennial Bank AR raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 204.3% in the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock worth $47,000 after acquiring an additional 1,363 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Invesco National AMT-Free Municipal Bond ETF during the 4th quarter valued at $101,000. Western Wealth Management LLC purchased a new stake in Invesco National AMT-Free Municipal Bond ETF during the 1st quarter valued at $109,000. IMG Wealth Management Inc. increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 94.0% in the 1st quarter. IMG Wealth Management Inc. now owns 5,152 shares of the company’s stock worth $118,000 after purchasing an additional 2,496 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 826.7% in the 1st quarter. International Assets Investment Management LLC now owns 5,449 shares of the company’s stock worth $126,000 after purchasing an additional 4,861 shares in the last quarter.

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.