Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 13,706 shares, an increase of 21,655.6% from the October 15th total of 63 shares. Based on an average daily volume of 43,902 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco New York AMT-Free Municipal Bond ETF
Several hedge funds and other institutional investors have recently modified their holdings of PZT. Hennion & Walsh Asset Management Inc. grew its stake in 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 acquiring an additional 38,969 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 4.3% in the 1st quarter. Bank of America Corp DE now owns 172,864 shares of the company’s stock worth $3,815,000 after purchasing an additional 7,143 shares in the last quarter. HighTower Advisors LLC purchased a new position in Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter worth approximately $3,138,000. Tortoise Investment Management LLC lifted its stake in Invesco New York AMT-Free Municipal Bond ETF by 12.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 70,547 shares of the company’s stock worth $1,604,000 after purchasing an additional 7,955 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco New York AMT-Free Municipal Bond ETF by 3.9% during the 2nd 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 last quarter.
Invesco New York AMT-Free Municipal Bond ETF Trading Down 0.6%
PZT traded down $0.12 on Tuesday, hitting $21.56. 53,392 shares of the company’s stock were exchanged, compared to its average volume of 39,023. Invesco New York AMT-Free Municipal Bond ETF has a fifty-two week low of $20.21 and a fifty-two week high of $22.75. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $22.02.
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.
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