Short Interest in Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Declines By 35.3%

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,992 shares, a decrease of 35.3% from the July 30th total of 7,710 shares. Based on an average trading volume of 20,662 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Passumpsic Savings Bank bought a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the 4th quarter valued at about $768,000. Hennion & Walsh Asset Management Inc. raised 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. Kestra Advisory Services LLC lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 35.1% in the first quarter. Kestra Advisory Services LLC now owns 17,694 shares of the company’s stock worth $391,000 after acquiring an additional 4,593 shares during the period. Mustico Financial Group Inc. lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 18.9% in the first quarter. Mustico Financial Group Inc. now owns 11,158 shares of the company’s stock worth $250,000 after acquiring an additional 1,776 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 7.0% in the fourth quarter. Tortoise Investment Management LLC now owns 53,592 shares of the company’s stock worth $1,196,000 after acquiring an additional 3,500 shares during the period.

Invesco New York AMT-Free Municipal Bond ETF Price Performance

Shares of PZT stock traded down $0.29 during trading hours on Tuesday, hitting $21.59. 13,528 shares of the company’s stock traded hands, compared to its average volume of 27,250. The stock’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $22.37. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $21.29 and a 12 month high of $22.75.

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.