Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Stock Short Interest Falls 67.7%

by · The Markets Daily

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,976 shares, a decrease of 67.7% from the August 31st total of 6,110 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 118,506 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Invesco New York AMT-Free Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 49,048 shares of the company’s stock worth $1,115,000 after purchasing an additional 1,828 shares during the period. Tortoise Investment Management LLC raised its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 12.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 70,547 shares of the company’s stock valued at $1,604,000 after purchasing an additional 7,955 shares during the period. Sax Wealth Advisors LLC raised its position in shares of Invesco New York AMT-Free Municipal Bond ETF by 3.7% during the 2nd quarter. Sax Wealth Advisors LLC now owns 43,231 shares of the company’s stock valued at $954,000 after purchasing an additional 1,555 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 12.4% during 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. Finally, Bank of America Corp DE lifted its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 4.3% during the 1st quarter. Bank of America Corp DE now owns 172,864 shares of the company’s stock valued at $3,815,000 after buying an additional 7,143 shares in the last quarter.

Invesco New York AMT-Free Municipal Bond ETF Stock Down 1.0%

Shares of NYSEARCA PZT traded down $0.20 during trading on Monday, hitting $20.45. The company had a trading volume of 168,651 shares, compared to its average volume of 33,802. Invesco New York AMT-Free Municipal Bond ETF has a 12 month low of $20.29 and a 12 month high of $22.75. The stock has a 50 day simple moving average of $21.73 and a 200 day simple moving average of $22.17.

Invesco New York AMT-Free Municipal Bond ETF Company Profile

(Get Free Report)

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.

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