Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Short Interest Down 41.0% in March

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 36,828 shares, a decline of 41.0% from the February 26th total of 62,410 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 40,253 shares, the short-interest ratio is currently 0.9 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in Invesco New York AMT-Free Municipal Bond ETF by 141.6% during the 4th quarter. Jane Street Group LLC now owns 120,992 shares of the company’s stock worth $2,700,000 after acquiring an additional 70,914 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 16.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 277,144 shares of the company’s stock valued at $6,184,000 after purchasing an additional 39,534 shares during the last quarter. Passumpsic Savings Bank purchased a new stake in shares of Invesco New York AMT-Free Municipal Bond ETF in the fourth quarter valued at about $768,000. LPL Financial LLC lifted its position 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 valued at $3,585,000 after purchasing an additional 26,618 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position 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 valued at $3,660,000 after purchasing an additional 26,155 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

PZT traded up $0.02 during midday trading on Friday, reaching $21.99. 33,879 shares of the company were exchanged, compared to its average volume of 25,796. Invesco New York AMT-Free Municipal Bond ETF has a one year low of $20.19 and a one year high of $22.71. The company’s fifty day moving average price is $22.34 and its 200 day moving average price is $22.37.

Invesco New York AMT-Free Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.0653 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.