Short Interest in Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Decreases By 94.7%

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 396,096 shares, a decline of 94.7% from the January 29th total of 7,489,190 shares. Based on an average daily volume of 1,069,567 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,069,567 shares, the days-to-cover ratio is currently 0.4 days.

Invesco National AMT-Free Municipal Bond ETF Price Performance

Invesco National AMT-Free Municipal Bond ETF stock traded up $0.02 during midday trading on Wednesday, hitting $23.52. The company’s stock had a trading volume of 2,503,430 shares, compared to its average volume of 1,782,190. Invesco National AMT-Free Municipal Bond ETF has a 12 month low of $21.49 and a 12 month high of $23.79. The stock’s 50-day moving average price is $23.31 and its 200-day moving average price is $23.11.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be given a $0.0677 dividend. The ex-dividend date is Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.5%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. MAI Capital Management acquired a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter valued at $32,000. Blair William & Co. IL boosted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 795.2% during the 3rd quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock worth $34,000 after acquiring an additional 1,320 shares in the last quarter. Coston McIsaac & Partners bought a new stake in shares of Invesco National AMT-Free Municipal Bond ETF during the 4th quarter worth about $40,000. Centennial Bank AR raised its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 204.3% in the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock valued at $47,000 after acquiring an additional 1,363 shares in the last quarter. Finally, United Financial Planning Group LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the 3rd quarter valued at approximately $52,000.

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.