Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) Shares Shorted: Short Interest Up 21,655.6% in October

Invesco New York AMT-Free Municipal Bond ETF (NYSEARCA:PZT) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 13,706 shares, a growth of 21,655.6% from the October 15th total of 63 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 43,902 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Invesco New York AMT-Free Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of PZT. HighTower Advisors LLC acquired a new position in shares of Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter worth approximately $3,138,000. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco New York AMT-Free Municipal Bond ETF by 12.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 353,654 shares of the company’s stock valued at $8,040,000 after purchasing an additional 38,969 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Invesco New York AMT-Free Municipal Bond ETF in the 3rd quarter valued at approximately $696,000. Gerber Kawasaki Wealth & Investment Management increased its holdings in Invesco New York AMT-Free Municipal Bond ETF by 70.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 21,843 shares of the company’s stock valued at $450,000 after purchasing an additional 9,030 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Invesco New York AMT-Free Municipal Bond ETF in the third quarter valued at approximately $182,000.

Invesco New York AMT-Free Municipal Bond ETF Stock Down 0.6%

NYSEARCA:PZT traded down $0.12 during trading hours on Tuesday, hitting $21.56. The company had a trading volume of 53,392 shares, compared to its average volume of 39,023. The company has a 50-day moving average of $20.98 and a 200 day moving average of $22.02. Invesco New York AMT-Free Municipal Bond ETF has a 1 year low of $20.21 and a 1 year high of $22.75.

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. 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.