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

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 7,710 shares, a drop of 58.6% from the July 15th total of 18,630 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,282 shares, the days-to-cover ratio is presently 0.3 days.

Invesco New York AMT-Free Municipal Bond ETF Trading Down 0.7%

PZT stock traded down $0.15 during trading on Friday, hitting $22.23. The stock had a trading volume of 21,371 shares, compared to its average volume of 26,035. The company’s 50 day moving average price is $22.44 and its two-hundred day moving average price is $22.39. Invesco New York AMT-Free Municipal Bond ETF has a 1-year low of $21.23 and a 1-year high of $22.75.

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 company. Godfrey Financial Associates Inc. acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF during the fourth quarter worth approximately $191,000. Jones Financial Companies Lllp acquired a new position in Invesco New York AMT-Free Municipal Bond ETF in the 1st quarter valued at $211,000. OLD Mission Capital LLC lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 10.7% during the 4th quarter. OLD Mission Capital LLC now owns 10,205 shares of the company’s stock worth $228,000 after purchasing an additional 984 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 10,359 shares of the company’s stock worth $229,000 after purchasing an additional 678 shares during the period. Finally, Mustico Financial Group Inc. boosted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 18.9% during the first quarter. Mustico Financial Group Inc. now owns 11,158 shares of the company’s stock worth $250,000 after purchasing an additional 1,776 shares during the last quarter.

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.