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 decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,710 shares, a decrease of 58.6% from the July 15th total of 18,630 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 26,282 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the first quarter worth approximately $211,000. JPMorgan Chase & Co. raised its stake in Invesco New York AMT-Free Municipal Bond ETF by 42.3% during the second quarter. JPMorgan Chase & Co. now owns 11,752 shares of the company’s stock worth $254,000 after purchasing an additional 3,492 shares during the period. Bank of America Corp DE raised its stake in Invesco New York AMT-Free Municipal Bond ETF by 1.9% during the second quarter. Bank of America Corp DE now owns 170,421 shares of the company’s stock worth $3,688,000 after purchasing an additional 3,114 shares during the period. UBS Group AG boosted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 2.8% in the 3rd quarter. UBS Group AG now owns 32,207 shares of the company’s stock valued at $716,000 after purchasing an additional 882 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter valued at $281,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Down 0.7%

NYSEARCA:PZT traded down $0.15 during mid-day trading on Friday, reaching $22.23. The company’s stock had a trading volume of 21,371 shares, compared to its average volume of 26,035. The company’s fifty day simple moving average is $22.44 and its two-hundred day simple moving average is $22.39. Invesco New York AMT-Free Municipal Bond ETF has a twelve month low of $21.23 and a twelve month high of $22.75.

Invesco New York AMT-Free Municipal Bond ETF Company Profile

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.