Short Interest in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Drops By 45.1%

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 75,199 shares, a drop of 45.1% from the April 30th total of 137,092 shares. Based on an average daily volume of 219,485 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.2%

Invesco California AMT-Free Municipal Bond ETF stock traded up $0.06 during mid-day trading on Tuesday, hitting $24.38. 180,423 shares of the company’s stock traded hands, compared to its average volume of 228,375. The firm has a 50 day simple moving average of $24.11 and a two-hundred day simple moving average of $24.21. Invesco California AMT-Free Municipal Bond ETF has a fifty-two week low of $22.75 and a fifty-two week high of $24.59.

Institutional Investors Weigh In On Invesco California AMT-Free Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Navalign LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter valued at $27,000. Ameriflex Group Inc. increased its position in Invesco California AMT-Free Municipal Bond ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 2,998 shares of the company’s stock worth $72,000 after buying an additional 1,499 shares during the period. Ameritas Advisory Services LLC bought a new position in Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter worth $174,000. Eclectic Associates Inc. ADV bought a new position in Invesco California AMT-Free Municipal Bond ETF during the 4th quarter worth $202,000. Finally, Elequin Capital LP bought a new position in Invesco California AMT-Free Municipal Bond ETF during the 3rd quarter worth $211,000.

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.