Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Shares Shorted: Short Interest Up 788.5% in September

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 537,540 shares, an increase of 788.5% from the September 15th total of 60,497 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,496,552 shares, the short-interest ratio is presently 0.4 days.

Invesco California AMT-Free Municipal Bond ETF Trading Up 0.3%

PWZ traded up $0.07 during trading on Friday, hitting $22.26. The company had a trading volume of 1,405,550 shares, compared to its average volume of 420,391. Invesco California AMT-Free Municipal Bond ETF has a 1-year low of $22.03 and a 1-year high of $24.59. The business has a 50-day moving average of $23.30 and a 200-day moving average of $23.89.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Invesco California AMT-Free Municipal Bond ETF by 181.9% in the third quarter. Farther Finance Advisors LLC now owns 306,376 shares of the company’s stock worth $6,835,000 after purchasing an additional 197,688 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco California AMT-Free Municipal Bond ETF by 10.1% in the first quarter. Bank of America Corp DE now owns 1,053,233 shares of the company’s stock valued at $25,141,000 after buying an additional 96,820 shares during the last quarter. Affinity Capital Advisors LLC raised its stake in Invesco California AMT-Free Municipal Bond ETF by 195.9% during the second quarter. Affinity Capital Advisors LLC now owns 123,281 shares of the company’s stock valued at $3,028,000 after buying an additional 81,613 shares in the last quarter. Navigation Group LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the first quarter valued at approximately $1,839,000. Finally, Citadel Advisors LLC acquired a new stake in Invesco California AMT-Free Municipal Bond ETF during the second quarter valued at approximately $1,423,000.

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.