Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Significant Decrease in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,847 shares, a decline of 91.3% from the May 31st total of 21,296 shares. Based on an average daily volume of 24,911 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco New York AMT-Free Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter worth approximately $191,000. Valicenti Advisory Services Inc. acquired a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth approximately $206,000. Jones Financial Companies Lllp bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the first quarter valued at approximately $211,000. OLD Mission Capital LLC increased its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 10.7% during the fourth quarter. OLD Mission Capital LLC now owns 10,205 shares of the company’s stock valued at $228,000 after purchasing an additional 984 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 10,359 shares of the company’s stock valued at $229,000 after purchasing an additional 678 shares in the last quarter.

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

Shares of NYSEARCA PZT traded up $0.02 during mid-day trading on Thursday, hitting $22.66. The company had a trading volume of 51,428 shares, compared to its average volume of 26,133. The business’s 50-day simple moving average is $22.45 and its 200-day simple moving average is $22.38. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $21.10 and a 12 month high of $22.71.

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.