X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Short Interest Update

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 67 shares, a decline of 93.7% from the January 29th total of 1,061 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 361 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 361 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

X-Square Municipal Income Tax Free ETF Stock Down 1.3%

Shares of ZTAX stock traded down $0.33 during trading hours on Wednesday, reaching $25.26. 1,535 shares of the company’s stock were exchanged, compared to its average volume of 1,564. X-Square Municipal Income Tax Free ETF has a fifty-two week low of $23.40 and a fifty-two week high of $28.34. The business has a fifty day moving average price of $25.55 and a 200-day moving average price of $25.36.

X-Square Municipal Income Tax Free ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, January 2nd were issued a $0.5072 dividend. This is a boost from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.03 annualized dividend and a yield of 8.0%.

Institutional Trading of X-Square Municipal Income Tax Free ETF

An institutional investor recently bought a new position in X-Square Municipal Income Tax Free ETF stock. Jane Street Group LLC bought a new position in shares of X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,620 shares of the company’s stock, valued at approximately $318,000. Jane Street Group LLC owned about 7.05% of X-Square Municipal Income Tax Free ETF as of its most recent SEC filing.

X-Square Municipal Income Tax Free ETF Company Profile

The X-Square Municipal Income Tax Free ETF (ZTAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated municipal securities that are exempt from US federal, state, and local taxes. Securities could be of any maturity or credit quality issued by Puerto Rico, Guam and the US Virgin Islands. ZTAX was launched on May 19, 2023 and is managed by X-Square Capital.