Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 538.3% in January

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 20,394 shares, an increase of 538.3% from the December 31st total of 3,195 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 21,198 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 21,198 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of PZT. Ameritas Advisory Services LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the third quarter worth about $41,000. Valicenti Advisory Services Inc. purchased a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the fourth quarter worth approximately $206,000. Jones Financial Companies Lllp bought a new stake in Invesco New York AMT-Free Municipal Bond ETF during the 1st quarter valued at $211,000. Finally, PFG Investments LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF during the 2nd quarter worth about $217,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

NYSEARCA PZT traded up $0.02 during trading on Wednesday, hitting $22.24. 19,831 shares of the company’s stock traded hands, compared to its average volume of 19,185. The stock has a fifty day moving average of $22.35 and a two-hundred day moving average of $22.08. Invesco New York AMT-Free Municipal Bond ETF has a 12-month low of $20.19 and a 12-month high of $23.13.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0684 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.