PZA Fail-to-Deliver

Invesco National AMT-Free Municipal Bond ETF (PZA) operates in the Financial Services sector, specifically the Asset Management - Bonds industry, with a market capitalization near $4.02B, listed on AMEX, carrying a beta of 1.28 to the broader market. The Invesco National AMT-Free Municipal Bond ETF (Fund) is based on The ICE BofAML National Long-Term Core Plus Municipal Securities Index (Index). public since 2007-10-18.

Fail-to-deliver (FTD) data from the SEC tracks settlement failures where shares were not delivered within the standard settlement period. Persistent FTDs may indicate naked short selling or settlement issues and are monitored by regulators.

Latest Date
2026-04-30
Latest FTD Quantity
64.5K
Latest Price
$23.25
30-Day Avg FTD
89.9K
30-Day Total FTD
2.7M

Showing 30 days of SEC fail-to-deliver data for Invesco National AMT-Free Municipal Bond ETF.

Learn how fails-to-deliver is reported and how to read the data →

Frequently asked PZA fail to deliver questions

What is the latest PZA fail-to-deliver count?
As of Apr 30, 2026, Invesco National AMT-Free Municipal Bond ETF (PZA) fail-to-deliver quantity is 64.5K shares, with a 30-day average of 89.9K shares. The SEC publishes FTD data twice monthly: first-half data at month-end, second-half around the 15th of the following month.
What is the FTD aggregate net balance?
FTD figures represent the aggregate net balance in NSCC's Continuous Net Settlement (CNS) system, not the gross failed-share count. The published numbers run 2-6 weeks stale relative to the underlying settlement date.
How do PZA FTDs affect options pricing?
Persistent FTDs flag hard-to-borrow conditions that distort put-call parity: in HTB names, synthetic long stock (long call + short put at the same strike) trades below the frictionless-parity price by approximately the borrow rebate. The discount equals the lending revenue forgone by holding the synthetic instead of actual shares. Reg SHO threshold-list inclusion follows from sustained FTD persistence.