Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Stock Short Interest Drops 67.7%

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 1,976 shares, a drop of 67.7% from the August 31st total of 6,110 shares. Based on an average daily volume of 118,506 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PZT. Hennion & Walsh Asset Management Inc. lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 12.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock worth $8,040,000 after purchasing an additional 38,969 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 12.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 70,547 shares of the company’s stock worth $1,604,000 after buying an additional 7,955 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 4.3% in the 1st quarter. Bank of America Corp DE now owns 172,864 shares of the company’s stock worth $3,815,000 after buying an additional 7,143 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 35.1% during the 1st quarter. Kestra Advisory Services LLC now owns 17,694 shares of the company’s stock worth $391,000 after buying an additional 4,593 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 49,531 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,949 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

Shares of PZT traded down $0.10 on Friday, reaching $20.65. 82,392 shares of the stock traded hands, compared to its average volume of 33,070. The stock’s 50-day moving average price is $21.77 and its 200-day moving average price is $22.19. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $20.59 and a 12 month high of $22.75.

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.