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

Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,822,770 shares, an increase of 278.5% from the February 26th total of 745,689 shares. Based on an average daily volume of 2,009,785 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 2,009,785 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management purchased a new position in Invesco National AMT-Free Municipal Bond ETF during the second quarter worth about $32,000. Blair William & Co. IL boosted its holdings in Invesco National AMT-Free Municipal Bond ETF by 795.2% in the 3rd quarter. Blair William & Co. IL now owns 1,486 shares of the company’s stock valued at $34,000 after purchasing an additional 1,320 shares in the last quarter. Coston McIsaac & Partners purchased a new stake in Invesco National AMT-Free Municipal Bond ETF in the 4th quarter valued at approximately $40,000. Centennial Bank AR increased its position in Invesco National AMT-Free Municipal Bond ETF by 204.3% during the 4th quarter. Centennial Bank AR now owns 2,030 shares of the company’s stock worth $47,000 after purchasing an additional 1,363 shares during the period. Finally, United Financial Planning Group LLC acquired a new position in Invesco National AMT-Free Municipal Bond ETF during the 3rd quarter worth approximately $52,000.

Invesco National AMT-Free Municipal Bond ETF Trading Down 0.5%

NYSEARCA:PZA opened at $22.79 on Wednesday. The firm’s fifty day moving average price is $23.32 and its 200 day moving average price is $23.26. Invesco National AMT-Free Municipal Bond ETF has a 1-year low of $21.49 and a 1-year high of $23.63.

Invesco National AMT-Free Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.0677 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, February 23rd.

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.