Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 1,833.6% in June

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 35,714 shares, a growth of 1,833.6% from the June 15th total of 1,847 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 33,944 shares, the short-interest ratio is currently 1.1 days.

Invesco New York AMT-Free Municipal Bond ETF Price Performance

Shares of PZT traded down $0.06 during midday trading on Friday, hitting $22.54. The company had a trading volume of 90,287 shares, compared to its average volume of 26,188. The company’s 50 day moving average price is $22.50 and its 200 day moving average price is $22.40. Invesco New York AMT-Free Municipal Bond ETF has a 52 week low of $21.10 and a 52 week high of $22.75.

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

Hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 12.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock worth $8,040,000 after acquiring an additional 38,969 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco New York AMT-Free Municipal Bond ETF by 10.9% in the 3rd quarter. Bank of America Corp DE now owns 189,019 shares of the company’s stock valued at $4,204,000 after purchasing an additional 18,598 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Invesco New York AMT-Free Municipal Bond ETF by 19.0% during the 4th quarter. Guggenheim Capital LLC now owns 164,057 shares of the company’s stock valued at $3,660,000 after purchasing an additional 26,155 shares during the period. LPL Financial LLC grew its position in Invesco New York AMT-Free Municipal Bond ETF by 19.9% in the 4th quarter. LPL Financial LLC now owns 160,661 shares of the company’s stock worth $3,585,000 after purchasing an additional 26,618 shares during the last quarter. Finally, Composition Wealth LLC grew its position in Invesco New York AMT-Free Municipal Bond ETF by 5.9% in the 4th quarter. Composition Wealth LLC now owns 134,464 shares of the company’s stock worth $3,000,000 after purchasing an additional 7,437 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.