Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Significant Increase in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 62,410 shares, an increase of 183.0% from the February 12th total of 22,052 shares. Based on an average daily volume of 24,929 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 24,929 shares, the days-to-cover ratio is presently 2.5 days.

Invesco New York AMT-Free Municipal Bond ETF Price Performance

NYSEARCA PZT traded up $0.03 during trading hours on Friday, reaching $22.28. The stock had a trading volume of 31,134 shares, compared to its average volume of 24,209. The stock has a fifty day moving average of $22.39 and a 200 day moving average of $22.32. Invesco New York AMT-Free Municipal Bond ETF has a 52-week low of $20.19 and a 52-week high of $22.71.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a $0.0653 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 23rd.

Hedge Funds Weigh In On Invesco New York AMT-Free Municipal Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Invesco New York AMT-Free Municipal Bond ETF in the third quarter valued at approximately $41,000. Godfrey Financial Associates Inc. purchased a new position in Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter valued at about $191,000. Valicenti Advisory Services Inc. acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter worth about $206,000. Jones Financial Companies Lllp acquired a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the first quarter worth approximately $211,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the third quarter worth approximately $220,000.

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.