Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA – Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 247,038 shares, a drop of 53.2% from the July 15th total of 527,343 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,642,368 shares, the days-to-cover ratio is currently 0.2 days.
Invesco National AMT-Free Municipal Bond ETF Price Performance
Shares of NYSEARCA PZA traded down $0.08 during midday trading on Monday, reaching $22.95. The company’s stock had a trading volume of 678,137 shares, compared to its average volume of 1,479,486. Invesco National AMT-Free Municipal Bond ETF has a fifty-two week low of $22.03 and a fifty-two week high of $23.63. The stock has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $23.26.
Institutional Investors Weigh In On Invesco National AMT-Free Municipal Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC boosted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 44.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 97,793 shares of the company’s stock worth $2,268,000 after acquiring an additional 29,962 shares during the period. HighTower Advisors LLC grew its stake in Invesco National AMT-Free Municipal Bond ETF by 72.6% in the 4th quarter. HighTower Advisors LLC now owns 53,778 shares of the company’s stock valued at $1,247,000 after buying an additional 22,628 shares during the last quarter. Quadrant Private Wealth Management LLC raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 61.9% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 59,773 shares of the company’s stock valued at $1,386,000 after acquiring an additional 22,856 shares during the period. Allworth Financial LP raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 8.4% in the 4th quarter. Allworth Financial LP now owns 492,908 shares of the company’s stock valued at $11,431,000 after acquiring an additional 38,146 shares during the period. Finally, Composition Wealth LLC raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 10.2% in the 4th quarter. Composition Wealth LLC now owns 1,394,378 shares of the company’s stock valued at $32,336,000 after acquiring an additional 129,129 shares during the period.
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.
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