Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Growth in Short Interest

by · The Cerbat Gem

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA – Get Free Report) was the recipient of a large growth in short interest during 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 stock are sold short. Based on an average trading volume of 1,227,362 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 1,227,362 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Wealth LLC increased its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 4.5% in the fourth quarter. NewEdge Wealth LLC now owns 10,069 shares of the company’s stock worth $234,000 after buying an additional 430 shares during the period. J.W. Cole Advisors Inc. boosted its position in Invesco National AMT-Free Municipal Bond ETF by 2.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 22,216 shares of the company’s stock valued at $515,000 after buying an additional 456 shares during the period. Aptus Capital Advisors LLC grew its holdings in Invesco National AMT-Free Municipal Bond ETF by 7.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 6,649 shares of the company’s stock worth $154,000 after acquiring an additional 488 shares during the last quarter. Blair William & Co. IL grew its holdings in Invesco National AMT-Free Municipal Bond ETF by 38.5% in the 4th quarter. Blair William & Co. IL now owns 2,058 shares of the company’s stock worth $48,000 after acquiring an additional 572 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Invesco National AMT-Free Municipal Bond ETF by 5.2% in the fourth quarter. Harbour Investments Inc. now owns 11,576 shares of the company’s stock valued at $268,000 after acquiring an additional 574 shares during the period.

Invesco National AMT-Free Municipal Bond ETF Price Performance

PZA traded up $0.05 during trading on Friday, hitting $23.27. 2,897,864 shares of the company traded hands, compared to its average volume of 1,832,932. Invesco National AMT-Free Municipal Bond ETF has a one year low of $21.49 and a one year high of $23.63. The stock’s fifty day moving average is $23.34 and its 200 day moving average is $23.21.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a $0.0677 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, February 23rd.

About Invesco National AMT-Free Municipal Bond ETF

(Get Free Report)

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.

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