Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Stock Short Interest Falls 83.5%

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 60,497 shares, a decrease of 83.5% from the August 31st total of 366,596 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 975,926 shares, the days-to-cover ratio is presently 0.1 days.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

Shares of PWZ stock traded down $0.09 during trading hours on Friday, hitting $22.43. 338,174 shares of the company were exchanged, compared to its average volume of 315,521. Invesco California AMT-Free Municipal Bond ETF has a one year low of $22.47 and a one year high of $24.59. The business’s 50-day simple moving average is $23.68 and its two-hundred day simple moving average is $24.03.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PWZ. Bank of America Corp DE boosted its position in Invesco California AMT-Free Municipal Bond ETF by 10.1% during the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares during the period. Affinity Capital Advisors LLC lifted its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 195.9% in the second quarter. Affinity Capital Advisors LLC now owns 123,281 shares of the company’s stock valued at $3,028,000 after buying an additional 81,613 shares during the period. Navigation Group LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the first quarter worth about $1,839,000. Citadel Advisors LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at about $1,423,000. Finally, Chatterton & Associates Inc. raised its holdings in Invesco California AMT-Free Municipal Bond ETF by 43.3% in the 1st quarter. Chatterton & Associates Inc. now owns 132,412 shares of the company’s stock valued at $3,208,000 after acquiring an additional 40,031 shares in the last quarter.

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.