Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Drop in Short Interest

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 89,322 shares, a drop of 48.5% from the May 31st total of 173,585 shares. Based on an average daily volume of 223,690 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Navalign LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at about $27,000. Ameriflex Group Inc. lifted its holdings in shares of Invesco California AMT-Free Municipal Bond ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 2,998 shares of the company’s stock valued at $72,000 after purchasing an additional 1,499 shares in the last quarter. Eclectic Associates Inc. ADV purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the fourth quarter valued at approximately $202,000. Elequin Capital LP purchased a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the third quarter valued at approximately $211,000. Finally, Blue Zone Wealth Advisors LLC bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter worth $229,000.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

PWZ stock traded up $0.06 during midday trading on Thursday, reaching $24.57. 129,423 shares of the company’s stock traded hands, compared to its average volume of 220,304. The firm’s fifty day moving average price is $24.27 and its 200-day moving average price is $24.24. Invesco California AMT-Free Municipal Bond ETF has a 52 week low of $22.75 and a 52 week high of $24.59.

Invesco California AMT-Free Municipal Bond ETF Company Profile

The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity. PWZ was launched on Oct 11, 2007 and is managed by Invesco.