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

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 204,301 shares, an increase of 133.5% from the July 15th total of 87,494 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 258,223 shares, the days-to-cover ratio is presently 0.8 days.

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

A number of institutional investors have recently added to or reduced their stakes in PWZ. Navalign LLC bought a new stake in Invesco California AMT-Free Municipal Bond ETF during the fourth quarter worth $27,000. Eclectic Associates Inc. ADV bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 4th quarter valued at about $202,000. Perigon Wealth Management LLC bought a new position in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at about $212,000. Corient Private Wealth LLC acquired a new position in shares of Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth about $227,000. Finally, Gateway Wealth Partners LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF in the 1st quarter valued at about $239,000.

Invesco California AMT-Free Municipal Bond ETF Stock Down 0.2%

Shares of NYSEARCA:PWZ traded down $0.06 during trading on Friday, hitting $24.15. 436,869 shares of the company were exchanged, compared to its average volume of 230,637. Invesco California AMT-Free Municipal Bond ETF has a fifty-two week low of $22.97 and a fifty-two week high of $24.59. The firm has a fifty day moving average price of $24.27 and a two-hundred day moving average price of $24.23.

About Invesco California AMT-Free Municipal Bond ETF

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.