Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Drop in Short Interest

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 60,497 shares, a drop of 83.5% from the August 31st total of 366,596 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 975,926 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 31.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 46,329 shares of the company’s stock valued at $1,136,000 after acquiring an additional 11,016 shares during the period. Citadel Advisors LLC bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $1,423,000. Corient Private Wealth LP bought a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $409,000. Readystate Asset Management LP acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth approximately $288,000. Finally, Syon Capital LLC boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 2.2% during the 2nd quarter. Syon Capital LLC now owns 1,231,692 shares of the company’s stock worth $30,189,000 after acquiring an additional 26,637 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Price Performance

Shares of NYSEARCA:PWZ traded down $0.08 during midday trading on Friday, reaching $22.44. The company had a trading volume of 1,898,182 shares, compared to its average volume of 325,608. Invesco California AMT-Free Municipal Bond ETF has a 1-year low of $22.37 and a 1-year high of $24.59. The business’s 50 day moving average price is $23.64 and its 200 day moving average price is $24.02.

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.