Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Sees Large Growth in Short Interest

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 722,800 shares, agrowthof5,254.1% from the July 31st total of 13,500 shares. Based on an average daily volume of 818,800 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 818,800 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $227,000. Jane Street Group LLC increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 82.3% in the second quarter. Jane Street Group LLC now owns 489,526 shares of the company’s stock valued at $11,426,000 after buying an additional 220,948 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $657,000. BCS Private Wealth Management Inc. purchased a new position in Invesco California AMT-Free Municipal Bond ETF in the second quarter valued at about $467,000. Finally, Guggenheim Capital LLC increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 66.7% in the second quarter. Guggenheim Capital LLC now owns 282,428 shares of the company’s stock valued at $6,592,000 after buying an additional 113,043 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Trading Down 0.3%

NYSEARCA PWZ traded down $0.07 during trading hours on Tuesday, hitting $23.06. 1,015,598 shares of the stock were exchanged, compared to its average volume of 490,771. Invesco California AMT-Free Municipal Bond ETF has a 12-month low of $22.23 and a 12-month high of $25.49. The stock has a 50-day moving average of $23.08 and a 200 day moving average of $23.47.

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.