Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Increase in Short Interest

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,822,770 shares, an increase of 278.5% from the February 26th total of 745,689 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 2,009,785 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 2,009,785 shares, the short-interest ratio is presently 1.4 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco National AMT-Free Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Invesco National AMT-Free Municipal Bond ETF by 42.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,763,992 shares of the company’s stock valued at $63,821,000 after acquiring an additional 827,731 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $502,000. Flow Traders U.S. LLC purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the 2nd quarter valued at approximately $586,000. Ascent Group LLC purchased a new position in shares of Invesco National AMT-Free Municipal Bond ETF in the 3rd quarter valued at approximately $734,000. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 6.5% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 4,148,197 shares of the company’s stock valued at $95,782,000 after purchasing an additional 251,534 shares during the period.

Invesco National AMT-Free Municipal Bond ETF Trading Down 0.5%

PZA stock opened at $22.79 on Wednesday. The company has a fifty day moving average price of $23.32 and a 200 day moving average price of $23.26. Invesco National AMT-Free Municipal Bond ETF has a 12 month low of $21.49 and a 12 month high of $23.63.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a $0.0677 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

About Invesco National AMT-Free Municipal Bond ETF

The Invesco National AMT-Free Municipal Bond ETF (PZA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity. PZA was launched on Oct 11, 2007 and is managed by Invesco.