Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Down 67.6% in April

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 22,234 shares, a drop of 67.6% from the March 31st total of 68,649 shares. Based on an average daily trading volume, of 28,443 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are short sold.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

Shares of NYSEARCA:PZT opened at $22.44 on Friday. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $21.10 and a twelve month high of $22.71. The business has a fifty day moving average of $22.36 and a 200-day moving average of $22.38.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PZT. Jones Financial Companies Lllp acquired a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the first quarter valued at $211,000. JPMorgan Chase & Co. increased its position in Invesco New York AMT-Free Municipal Bond ETF by 42.3% in the second quarter. JPMorgan Chase & Co. now owns 11,752 shares of the company’s stock worth $254,000 after purchasing an additional 3,492 shares during the period. Bank of America Corp DE increased its position in Invesco New York AMT-Free Municipal Bond ETF by 1.9% in the second quarter. Bank of America Corp DE now owns 170,421 shares of the company’s stock worth $3,688,000 after purchasing an additional 3,114 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Invesco New York AMT-Free Municipal Bond ETF by 1.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 237,610 shares of the company’s stock worth $5,285,000 after purchasing an additional 3,474 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF in the third quarter worth about $41,000.

About Invesco New York AMT-Free Municipal Bond ETF

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.