Short Interest in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Declines By 45.1%

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 75,199 shares, a decrease of 45.1% from the April 30th total of 137,092 shares. Based on an average daily trading volume, of 219,485 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 265.5% during the third quarter. Wealthfront Advisers LLC now owns 18,905,818 shares of the company’s stock valued at $452,227,000 after buying an additional 13,733,922 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 24.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,795,200 shares of the company’s stock valued at $67,532,000 after buying an additional 556,461 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock valued at $42,277,000 after buying an additional 17,061 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 1.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,317,528 shares of the company’s stock valued at $31,831,000 after buying an additional 14,616 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Invesco California AMT-Free Municipal Bond ETF by 10.1% during the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after buying an additional 96,820 shares during the last quarter.

Invesco California AMT-Free Municipal Bond ETF Price Performance

Shares of Invesco California AMT-Free Municipal Bond ETF stock opened at $24.35 on Thursday. The stock has a 50 day moving average of $24.12 and a 200 day moving average of $24.21. Invesco California AMT-Free Municipal Bond ETF has a 12 month low of $22.75 and a 12 month high of $24.59.

Invesco California AMT-Free Municipal Bond ETF Company Profile

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.