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

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,847 shares, a decrease of 91.3% from the May 31st total of 21,296 shares. Based on an average daily volume of 24,911 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

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

Several institutional investors have recently bought and sold shares of PZT. Godfrey Financial Associates Inc. bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth about $191,000. Valicenti Advisory Services Inc. bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter valued at approximately $206,000. Jones Financial Companies Lllp acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF in the 1st quarter worth approximately $211,000. OLD Mission Capital LLC lifted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 10.7% in the 4th quarter. OLD Mission Capital LLC now owns 10,205 shares of the company’s stock worth $228,000 after purchasing an additional 984 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 678 shares during the period.

Invesco New York AMT-Free Municipal Bond ETF Stock Up 0.1%

Shares of Invesco New York AMT-Free Municipal Bond ETF stock traded up $0.02 during midday trading on Thursday, reaching $22.66. 51,428 shares of the company’s stock traded hands, compared to its average volume of 26,133. Invesco New York AMT-Free Municipal Bond ETF has a 52 week low of $21.10 and a 52 week high of $22.71. The company’s 50 day simple moving average is $22.45 and its 200 day simple moving average is $22.38.

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.