Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Down 91.3% in June

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,847 shares, a drop of 91.3% from the May 31st total of 21,296 shares. Based on an average daily volume of 24,911 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco New York AMT-Free Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Godfrey Financial Associates Inc. bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth about $191,000. Valicenti Advisory Services Inc. bought a new stake in Invesco New York AMT-Free Municipal Bond ETF in the fourth quarter valued at about $206,000. Jones Financial Companies Lllp acquired a new position in Invesco New York AMT-Free Municipal Bond ETF in the first quarter worth about $211,000. OLD Mission Capital LLC raised its position in Invesco New York AMT-Free Municipal Bond ETF by 10.7% in the fourth quarter. OLD Mission Capital LLC now owns 10,205 shares of the company’s stock worth $228,000 after purchasing an additional 984 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 7.0% during the first 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.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

Shares of NYSEARCA PZT traded down $0.04 during trading hours on Friday, reaching $22.62. The stock had a trading volume of 7,305 shares, compared to its average volume of 25,977. The business’s fifty day moving average is $22.45 and its two-hundred day moving average is $22.38. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $21.10 and a twelve month high of $22.71.

About Invesco New York AMT-Free Municipal Bond ETF

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.