Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Shares Shorted: Short Interest Up 788.5% in September

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 537,540 shares, an increase of 788.5% from the September 15th total of 60,497 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 1,496,552 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco California AMT-Free Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock valued at $42,277,000 after acquiring an additional 17,061 shares during the period. Syon Capital LLC increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock valued at $30,189,000 after purchasing an additional 26,637 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% in the 1st quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after purchasing an additional 96,820 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 181.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 306,376 shares of the company’s stock valued at $6,835,000 after purchasing an additional 197,688 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 296,330 shares of the company’s stock valued at $3,713,000 after purchasing an additional 6,330 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Stock Performance

PWZ opened at $22.26 on Monday. The firm has a fifty day moving average price of $23.30 and a 200 day moving average price of $23.89. Invesco California AMT-Free Municipal Bond ETF has a 1 year low of $22.03 and a 1 year 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.