Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Update
by Teresa Graham · The Cerbat GemInvesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 68,649 shares, an increase of 86.4% from the March 15th total of 36,828 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 32,445 shares, the short-interest ratio is presently 2.1 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the third quarter valued at $41,000. Godfrey Financial Associates Inc. bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the fourth quarter valued at $191,000. Valicenti Advisory Services Inc. bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the fourth quarter valued at $206,000. Jones Financial Companies Lllp bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the first quarter valued at $211,000. Finally, Flagship Harbor Advisors LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the third quarter valued at $220,000.
Invesco New York AMT-Free Municipal Bond ETF Stock Up 0.4%
Invesco New York AMT-Free Municipal Bond ETF stock traded up $0.10 during mid-day trading on Tuesday, reaching $22.50. The company’s stock had a trading volume of 38,730 shares, compared to its average volume of 26,288. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $21.10 and a 12 month high of $22.71. The business’s 50 day simple moving average is $22.35 and its 200 day simple moving average is $22.37.
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.