Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Stock Short Interest Climbs 21,655.6%

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 13,706 shares, an increase of 21,655.6% from the October 15th total of 63 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 43,902 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Silver Grove Financial Group Inc. acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $51,000. Root Financial Partners LLC acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the third quarter worth $182,000. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 678 shares during the period. Mustico Financial Group Inc. raised its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 18.9% in the first quarter. Mustico Financial Group Inc. now owns 11,158 shares of the company’s stock valued at $250,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 35.1% in the first quarter. Kestra Advisory Services LLC now owns 17,694 shares of the company’s stock valued at $391,000 after acquiring an additional 4,593 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Trading Down 0.6%

Shares of NYSEARCA:PZT opened at $21.56 on Wednesday. Invesco New York AMT-Free Municipal Bond ETF has a 1 year low of $20.21 and a 1 year high of $22.75. The firm’s 50-day moving average is $20.98 and its two-hundred day moving average is $22.01.

Invesco New York AMT-Free Municipal Bond ETF Company Profile

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.