Short Interest in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Drops By 45.1%
by Jessica Moore · The Cerbat GemInvesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ – Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 75,199 shares, a decrease of 45.1% from the April 30th total of 137,092 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 219,485 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF
Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% in the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after buying an additional 96,820 shares during the last quarter. Royal Bank of Canada lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 4.2% during the 1st quarter. Royal Bank of Canada now owns 15,645 shares of the company’s stock valued at $373,000 after purchasing an additional 635 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the 1st quarter valued at $239,000. Compound Planning Inc. lifted its holdings in Invesco California AMT-Free Municipal Bond ETF by 15.1% during the 1st quarter. Compound Planning Inc. now owns 69,690 shares of the company’s stock valued at $1,664,000 after purchasing an additional 9,151 shares during the last quarter. Finally, Navigation Group LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the 1st quarter valued at $1,839,000.
Invesco California AMT-Free Municipal Bond ETF Trading Up 0.2%
Shares of NYSEARCA PWZ traded up $0.06 during trading hours on Tuesday, hitting $24.38. The company had a trading volume of 180,423 shares, compared to its average volume of 228,375. Invesco California AMT-Free Municipal Bond ETF has a 1-year low of $22.75 and a 1-year high of $24.59. The firm’s 50 day moving average is $24.11 and its 200-day moving average is $24.21.
Invesco California AMT-Free Municipal Bond ETF Company Profile
The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity. PWZ was launched on Oct 11, 2007 and is managed by Invesco.