Short Interest in Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Expands By 88.3%
by Kim Johansen · The Markets DailyInvesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA – Get Free Report) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 745,689 shares, a growth of 88.3% from the February 12th total of 396,096 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,227,362 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 1,227,362 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are short sold.
Invesco National AMT-Free Municipal Bond ETF Stock Down 0.0%
PZA stock traded down $0.01 during trading on Thursday, reaching $23.22. 6,981,162 shares of the stock were exchanged, compared to its average volume of 1,810,747. Invesco National AMT-Free Municipal Bond ETF has a twelve month low of $21.49 and a twelve month high of $23.63. The firm’s 50 day moving average is $23.34 and its 200 day moving average is $23.19.
Invesco National AMT-Free Municipal Bond ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0677 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 3.5%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PZA. Goldman Sachs Group Inc. lifted its holdings in Invesco National AMT-Free Municipal Bond ETF by 3,380.4% during the first quarter. Goldman Sachs Group Inc. now owns 516,983 shares of the company’s stock valued at $11,911,000 after purchasing an additional 502,129 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 1,791,500 shares of the company’s stock worth $40,112,000 after buying an additional 140,078 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 25.2% in the 2nd quarter. AE Wealth Management LLC now owns 20,551 shares of the company’s stock valued at $460,000 after acquiring an additional 4,141 shares in the last quarter. Vise Technologies Inc. bought a new stake in Invesco National AMT-Free Municipal Bond ETF during the second quarter valued at approximately $363,000. Finally, Petix & Botte Co lifted its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 18.9% during the 2nd quarter. Petix & Botte Co now owns 161,382 shares of the company’s stock worth $3,613,000 after acquiring an additional 25,630 shares during 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.