Short Interest in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Grows By 391.2%

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,061 shares, an increase of 391.2% from the January 15th total of 216 shares. Based on an average trading volume of 3,636 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 3,636 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X-Square Municipal Income Tax Free ETF stock. Jane Street Group LLC bought a new position in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 Stock Down 0.5%

ZTAX stock traded down $0.14 during trading on Thursday, reaching $25.35. The company had a trading volume of 169 shares, compared to its average volume of 1,838. The firm has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $25.30. X-Square Municipal Income Tax Free ETF has a twelve month low of $23.40 and a twelve month high of $28.34.

X-Square Municipal Income Tax Free ETF Increases Dividend

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

About X-Square Municipal Income Tax Free ETF

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.