Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Short Interest Update

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,822,770 shares, an increase of 278.5% from the February 26th total of 745,689 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 2,009,785 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Invesco National AMT-Free Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MAI Capital Management bought a new position in Invesco National AMT-Free Municipal Bond ETF during the second quarter valued at approximately $32,000. Blair William & Co. IL boosted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 795.2% in the 3rd quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock valued at $34,000 after purchasing an additional 1,320 shares in the last quarter. Coston McIsaac & Partners purchased a new stake in shares of Invesco National AMT-Free Municipal Bond ETF in the 4th quarter valued at $40,000. Centennial Bank AR grew its holdings in shares of Invesco National AMT-Free Municipal Bond ETF by 204.3% during the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock valued at $47,000 after purchasing an additional 1,363 shares during the last quarter. Finally, United Financial Planning Group LLC bought a new position in shares of Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter valued at $52,000.

Invesco National AMT-Free Municipal Bond ETF Trading Down 0.3%

NYSEARCA PZA traded down $0.07 during trading hours on Thursday, reaching $22.78. 1,202,354 shares of the stock traded hands, compared to its average volume of 1,943,034. The stock has a 50 day simple moving average of $23.30 and a two-hundred day simple moving average of $23.25. Invesco National AMT-Free Municipal Bond ETF has a 1 year low of $21.49 and a 1 year high of $23.63.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.0677 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 23rd.

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.