Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Update

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a significant 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. Based on an average trading volume of 21,198 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 21,198 shares, the short-interest ratio is presently 1.0 days.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

Shares of PZT traded up $0.02 during mid-day trading on Wednesday, reaching $22.24. 19,831 shares of the company’s stock were exchanged, compared to its average volume of 19,185. Invesco New York AMT-Free Municipal Bond ETF has a 52-week low of $20.19 and a 52-week high of $23.13. The business’s fifty day simple moving average is $22.35 and its 200-day simple moving average is $22.08.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.0684 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, January 20th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PZT. Hennion & Walsh Asset Management Inc. increased its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 16.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 277,144 shares of the company’s stock worth $6,184,000 after acquiring an additional 39,534 shares during the last quarter. Sax Wealth Advisors LLC bought a new stake in Invesco New York AMT-Free Municipal Bond ETF in the second quarter valued at about $781,000. Flow Traders U.S. LLC acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter worth approximately $546,000. Bank of America Corp DE raised its stake in 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 acquiring an additional 18,598 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 88.3% in the 2nd quarter. Cetera Investment Advisers now owns 36,751 shares of the company’s stock worth $795,000 after purchasing an additional 17,238 shares during 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.