Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Large Growth in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 45,688 shares, a growth of 762.5% from the November 30th total of 5,297 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 19,331 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 19,331 shares, the short-interest ratio is currently 2.4 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of Invesco New York AMT-Free Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PZT. Sax Wealth Advisors LLC acquired a new position in Invesco New York AMT-Free Municipal Bond ETF during the 2nd quarter worth $781,000. Flow Traders U.S. LLC purchased a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter valued at about $546,000. Bank of America Corp DE grew its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 10.9% during the third quarter. Bank of America Corp DE now owns 189,019 shares of the company’s stock worth $4,204,000 after buying an additional 18,598 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 88.3% during the second quarter. Cetera Investment Advisers now owns 36,751 shares of the company’s stock worth $795,000 after buying an additional 17,238 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the third quarter worth approximately $281,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

PZT traded up $0.03 on Wednesday, reaching $22.35. 20,024 shares of the company’s stock were exchanged, compared to its average volume of 26,162. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $20.19 and a twelve month high of $23.80. The stock’s fifty day moving average price is $22.45 and its 200-day moving average price is $21.95.

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.