Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Large Drop in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 18,630 shares, a drop of 47.8% from the June 30th total of 35,714 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 26,744 shares, the days-to-cover ratio is presently 0.7 days.

Invesco New York AMT-Free Municipal Bond ETF Stock Down 0.3%

PZT traded down $0.07 on Thursday, reaching $22.09. The company had a trading volume of 5,889 shares, compared to its average volume of 26,536. Invesco New York AMT-Free Municipal Bond ETF has a fifty-two week low of $21.21 and a fifty-two week high of $22.75. The company’s fifty day moving average is $22.49 and its 200 day moving average is $22.40.

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

A number of institutional investors have recently made changes to their positions in PZT. Jane Street Group LLC increased its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 141.6% during the fourth quarter. Jane Street Group LLC now owns 120,992 shares of the company’s stock worth $2,700,000 after purchasing an additional 70,914 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Invesco New York AMT-Free Municipal Bond ETF by 12.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock valued at $8,040,000 after buying an additional 38,969 shares in the last quarter. Passumpsic Savings Bank bought a new position in Invesco New York AMT-Free Municipal Bond ETF during the 4th quarter worth $768,000. LPL Financial LLC lifted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 19.9% during the fourth quarter. LPL Financial LLC now owns 160,661 shares of the company’s stock worth $3,585,000 after buying an additional 26,618 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 19.0% during the fourth quarter. Guggenheim Capital LLC now owns 164,057 shares of the company’s stock worth $3,660,000 after buying an additional 26,155 shares in 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.