Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Shares Shorted: Short Interest Down 83.5% in September

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 60,497 shares, a drop of 83.5% from the August 31st total of 366,596 shares. Based on an average daily volume of 975,926 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Community Bank purchased a new stake in shares of Invesco California AMT-Free Municipal Bond ETF during the second quarter worth approximately $31,000. TD Waterhouse Canada Inc. acquired a new position in Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter valued at $71,000. Nwam LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $100,000. Greenspring Advisors LLC purchased a new position in Invesco California AMT-Free Municipal Bond ETF during the 2nd quarter worth $104,000. Finally, Rothschild Capital Partners LLC acquired a new stake in shares of Invesco California AMT-Free Municipal Bond ETF in the 2nd quarter worth $128,000.

Invesco California AMT-Free Municipal Bond ETF Price Performance

Shares of NYSEARCA:PWZ traded down $0.08 on Friday, reaching $22.44. The company’s stock had a trading volume of 1,898,182 shares, compared to its average volume of 325,608. Invesco California AMT-Free Municipal Bond ETF has a 52-week low of $22.37 and a 52-week high of $24.59. The stock’s 50-day moving average is $23.64 and its two-hundred day moving average is $24.02.

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.