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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 173,585 shares, an increase of 130.8% from the May 14th total of 75,199 shares. Based on an average daily volume of 289,518 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.0%

Shares of PWZ opened at $24.34 on Monday. Invesco California AMT-Free Municipal Bond ETF has a 52-week low of $22.75 and a 52-week high of $24.59. The business’s fifty day moving average is $24.21 and its 200-day moving average is $24.21.

Hedge Funds Weigh In On Invesco California AMT-Free Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of PWZ. Navalign LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at $27,000. Ameriflex Group Inc. increased its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 100.0% in the 3rd 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 during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 3rd quarter valued at $174,000. Eclectic Associates Inc. ADV bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at $202,000. Finally, Elequin Capital LP bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 3rd quarter valued at $211,000.

About Invesco California AMT-Free Municipal Bond ETF

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.