Short Interest in Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) Rises By 130.8%

Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 173,585 shares, a growth of 130.8% from the May 14th total of 75,199 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 289,518 shares, the short-interest ratio is currently 0.6 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Keybank National Association OH grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 0.4% in the 4th quarter. Keybank National Association OH now owns 107,379 shares of the company’s stock worth $2,594,000 after buying an additional 433 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 3.0% in the 4th quarter. Royal Bank of Canada now owns 15,010 shares of the company’s stock worth $363,000 after buying an additional 443 shares in the last quarter. Omega Financial Group LLC grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 2.4% in the 4th quarter. Omega Financial Group LLC now owns 25,777 shares of the company’s stock worth $623,000 after buying an additional 597 shares in the last quarter. Creative Planning grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 3.4% in the 3rd quarter. Creative Planning now owns 18,990 shares of the company’s stock worth $454,000 after buying an additional 631 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of Invesco California AMT-Free Municipal Bond ETF by 1.6% in the 3rd quarter. Prospera Financial Services Inc now owns 43,896 shares of the company’s stock worth $1,050,000 after buying an additional 683 shares in the last quarter.

Invesco California AMT-Free Municipal Bond ETF Price Performance

Invesco California AMT-Free Municipal Bond ETF stock opened at $24.34 on Friday. The firm has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $24.21. Invesco California AMT-Free Municipal Bond ETF has a twelve month low of $22.75 and a twelve month high of $24.59.

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.