Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Decrease in Short Interest

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 247,038 shares, a decrease of 53.2% from the July 15th total of 527,343 shares. Based on an average daily trading volume, of 1,642,368 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its position in Invesco National AMT-Free Municipal Bond ETF by 44.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 97,793 shares of the company’s stock valued at $2,268,000 after buying an additional 29,962 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 72.6% during the 4th quarter. HighTower Advisors LLC now owns 53,778 shares of the company’s stock worth $1,247,000 after buying an additional 22,628 shares in the last quarter. Quadrant Private Wealth Management LLC raised its position in shares of Invesco National AMT-Free Municipal Bond ETF by 61.9% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 59,773 shares of the company’s stock worth $1,386,000 after buying an additional 22,856 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 8.4% in the 4th quarter. Allworth Financial LP now owns 492,908 shares of the company’s stock worth $11,431,000 after acquiring an additional 38,146 shares during the period. Finally, Composition Wealth LLC lifted its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 10.2% in the 4th quarter. Composition Wealth LLC now owns 1,394,378 shares of the company’s stock worth $32,336,000 after acquiring an additional 129,129 shares during the period.

Invesco National AMT-Free Municipal Bond ETF Stock Down 0.4%

PZA traded down $0.09 during trading hours on Friday, hitting $23.03. The company’s stock had a trading volume of 878,734 shares, compared to its average volume of 1,484,710. The company has a 50-day simple moving average of $23.26 and a 200 day simple moving average of $23.26. Invesco National AMT-Free Municipal Bond ETF has a fifty-two week low of $22.03 and a fifty-two week high of $23.63.

Invesco National AMT-Free Municipal Bond ETF Company Profile

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.