Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Up 538.3% in January

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 20,394 shares, an increase of 538.3% from the December 31st total of 3,195 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 21,198 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 21,198 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are short sold.

Invesco New York AMT-Free Municipal Bond ETF Stock Down 0.1%

Shares of NYSEARCA:PZT traded down $0.02 during trading on Thursday, hitting $22.22. 17,523 shares of the company were exchanged, compared to its average volume of 19,096. Invesco New York AMT-Free Municipal Bond ETF has a fifty-two week low of $20.19 and a fifty-two week high of $23.13. The firm has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $22.08.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.0684 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC bought a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the second quarter worth approximately $267,000. Ameritas Advisory Services LLC acquired a new position in Invesco New York AMT-Free Municipal Bond ETF in the 2nd quarter valued at $26,000. Sax Wealth Advisors LLC bought a new position in Invesco New York AMT-Free Municipal Bond ETF during the 2nd quarter worth $781,000. PFG Investments LLC acquired a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF during the second quarter worth $217,000. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 44.8% in the third quarter. Stratos Wealth Partners LTD. now owns 24,645 shares of the company’s stock valued at $548,000 after acquiring an additional 7,626 shares during the period.

Invesco New York AMT-Free Municipal Bond ETF Company Profile

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.