Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) Sees Large Drop in Short Interest

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 152,298 shares, a decrease of 33.9% from the August 15th total of 230,440 shares. Based on an average daily trading volume, of 1,771,142 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PZA. Bank of America Corp DE increased its holdings in Invesco National AMT-Free Municipal Bond ETF by 5.7% during the 1st quarter. Bank of America Corp DE now owns 55,154,071 shares of the company’s stock worth $1,267,441,000 after purchasing an additional 2,967,775 shares during the period. Bank of New York Mellon Corp grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 2,741,415 shares of the company’s stock worth $62,998,000 after buying an additional 275,544 shares in the last quarter. Sofi Wealth LLC grew its position in shares of Invesco National AMT-Free Municipal Bond ETF by 312.8% during the first quarter. Sofi Wealth LLC now owns 1,983,286 shares of the company’s stock worth $45,576,000 after buying an additional 1,502,814 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco National AMT-Free Municipal Bond ETF by 19.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,877,361 shares of the company’s stock worth $43,536,000 after buying an additional 304,768 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Invesco National AMT-Free Municipal Bond ETF by 67.0% in the first quarter. Cetera Investment Advisers now owns 1,176,652 shares of the company’s stock valued at $27,039,000 after acquiring an additional 472,183 shares in the last quarter.

Invesco National AMT-Free Municipal Bond ETF Price Performance

Invesco National AMT-Free Municipal Bond ETF stock traded up $0.09 during mid-day trading on Thursday, reaching $22.08. 4,220,965 shares of the company’s stock were exchanged, compared to its average volume of 1,629,095. Invesco National AMT-Free Municipal Bond ETF has a twelve month low of $21.95 and a twelve month high of $23.63. The company has a fifty day moving average of $22.82 and a 200-day moving average of $23.11.

About Invesco National AMT-Free Municipal Bond ETF

The Invesco National AMT-Free Municipal Bond ETF (PZA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity. PZA was launched on Oct 11, 2007 and is managed by Invesco.