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

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 418,919 shares, a growth of 53.7% from the December 31st total of 272,481 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,719,805 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 1,719,805 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the business. MAI Capital Management purchased a new stake in Invesco National AMT-Free Municipal Bond ETF during the second quarter valued at about $32,000. Blair William & Co. IL grew its stake in Invesco National AMT-Free Municipal Bond ETF by 795.2% in the third quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock valued at $34,000 after purchasing an additional 1,320 shares in the last quarter. United Financial Planning Group LLC acquired a new position in Invesco National AMT-Free Municipal Bond ETF in the third quarter worth approximately $52,000. Westside Investment Management Inc. bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 2nd quarter valued at $56,000. Finally, CWM LLC raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 639.3% during the third quarter. CWM LLC now owns 2,580 shares of the company’s stock valued at $60,000 after buying an additional 2,231 shares in the last quarter.

Invesco National AMT-Free Municipal Bond ETF Stock Performance

NYSEARCA PZA traded up $0.01 on Monday, reaching $23.30. 790,188 shares of the stock traded hands, compared to its average volume of 2,315,812. Invesco National AMT-Free Municipal Bond ETF has a 12 month low of $21.49 and a 12 month high of $23.79. The firm’s fifty day simple moving average is $23.24 and its 200 day simple moving average is $22.94.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a $0.0731 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 3.8%.

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.