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 decrease in short interest in May. As of May 15th, there was short interest totaling 1,109 shares, a decrease of 76.9% from the April 30th total of 4,809 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 136 shares, the days-to-cover ratio is currently 8.2 days.

X-Square Municipal Income Tax Free ETF Stock Down 0.3%

X-Square Municipal Income Tax Free ETF stock traded down $0.07 during mid-day trading on Friday, reaching $25.11. 9 shares of the stock traded hands, compared to its average volume of 1,162. X-Square Municipal Income Tax Free ETF has a 12-month low of $23.67 and a 12-month high of $28.60. The business’s 50-day moving average is $25.39 and its 200-day moving average is $25.53.

Hedge Funds Weigh In On X-Square Municipal Income Tax Free ETF

A hedge fund recently bought a new stake in X-Square Municipal Income Tax Free ETF stock. Jane Street Group LLC purchased a new position in 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 and Exchange Commission (SEC). The institutional investor purchased 12,620 shares of the company’s stock, valued at approximately $318,000. Jane Street Group LLC owned approximately 7.05% of X-Square Municipal Income Tax Free ETF as of its most recent SEC filing.

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.