Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Sees Large Growth in Short Interest

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 56,000 shares, anincreaseof2,445.5% from the June 30th total of 2,200 shares. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is currently 2.2 days.

Invesco New York AMT-Free Municipal Bond ETF Stock Performance

NYSEARCA PZT opened at $21.47 on Friday. Invesco New York AMT-Free Municipal Bond ETF has a one year low of $20.19 and a one year high of $23.80. The firm’s fifty day moving average is $21.44 and its two-hundred day moving average is $21.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,321 shares of the company’s stock worth $688,000 after acquiring an additional 575 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the second quarter worth about $26,000. Miracle Mile Advisors LLC increased its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 1.0% during the first quarter. Miracle Mile Advisors LLC now owns 333,186 shares of the company’s stock worth $7,363,000 after acquiring an additional 3,274 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco New York AMT-Free Municipal Bond ETF by 24.1% during the fourth quarter. Ameriprise Financial Inc. now owns 19,241 shares of the company’s stock worth $437,000 after acquiring an additional 3,733 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF during the fourth quarter worth about $113,000.

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.