Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 1,833.6% in June

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 35,714 shares, a growth of 1,833.6% from the June 15th total of 1,847 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 33,944 shares, the short-interest ratio is presently 1.1 days.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

Shares of PZT traded down $0.06 during midday trading on Friday, hitting $22.54. The company had a trading volume of 90,287 shares, compared to its average volume of 26,188. Invesco New York AMT-Free Municipal Bond ETF has a 1 year low of $21.10 and a 1 year high of $22.75. The company’s 50-day simple moving average is $22.50 and its 200-day simple moving average is $22.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PZT. Hennion & Walsh Asset Management Inc. grew its holdings in Invesco New York AMT-Free Municipal Bond ETF by 12.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock worth $8,040,000 after acquiring an additional 38,969 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 10.9% in the 3rd quarter. Bank of America Corp DE now owns 189,019 shares of the company’s stock valued at $4,204,000 after purchasing an additional 18,598 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 19.0% during the 4th quarter. Guggenheim Capital LLC now owns 164,057 shares of the company’s stock worth $3,660,000 after purchasing an additional 26,155 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 19.9% during the 4th quarter. LPL Financial LLC now owns 160,661 shares of the company’s stock worth $3,585,000 after purchasing an additional 26,618 shares during the last quarter. Finally, Composition Wealth LLC grew its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 5.9% during the fourth quarter. Composition Wealth LLC now owns 134,464 shares of the company’s stock worth $3,000,000 after purchasing an additional 7,437 shares in the last quarter.

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.