Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 89,322 shares, a decrease of 48.5% from the May 31st total of 173,585 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 223,690 shares, the short-interest ratio is currently 0.4 days.
Invesco California AMT-Free Municipal Bond ETF Stock Performance
PWZ remained flat at $24.51 during midday trading on Wednesday. 119,680 shares of the company’s stock traded hands, compared to its average volume of 221,038. Invesco California AMT-Free Municipal Bond ETF has a 52-week low of $22.75 and a 52-week high of $24.59. The firm has a fifty day moving average price of $24.26 and a 200-day moving average price of $24.23.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its position in Invesco California AMT-Free Municipal Bond ETF by 24.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,795,200 shares of the company’s stock valued at $67,532,000 after purchasing an additional 556,461 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,749,867 shares of the company’s stock worth $42,277,000 after purchasing an additional 17,061 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Invesco California AMT-Free Municipal Bond ETF by 1.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,317,528 shares of the company’s stock worth $31,831,000 after purchasing an additional 14,616 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 10.1% during the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock worth $25,141,000 after purchasing an additional 96,820 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the fourth quarter valued at about $17,820,000.
Invesco California AMT-Free Municipal Bond ETF Company Profile
The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity. PWZ was launched on Oct 11, 2007 and is managed by Invesco.
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