Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 1,833.6% in June

by · The Markets Daily

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 35,714 shares, a growth of 1,833.6% from the June 15th total of 1,847 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 33,944 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Godfrey Financial Associates Inc. purchased a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth approximately $191,000. Valicenti Advisory Services Inc. acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth approximately $206,000. Jones Financial Companies Lllp purchased a new position in Invesco New York AMT-Free Municipal Bond ETF in the 1st 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 worth $228,000 after acquiring 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 acquiring an additional 678 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Price Performance

PZT traded down $0.06 during mid-day trading on Friday, hitting $22.54. 90,287 shares of the stock were exchanged, compared to its average volume of 26,188. The firm’s fifty day moving average is $22.50 and its two-hundred day moving average is $22.40. Invesco New York AMT-Free Municipal Bond ETF has a 1-year low of $21.10 and a 1-year high of $22.75.

About Invesco New York AMT-Free Municipal Bond ETF

(Get Free Report)

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.

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