X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Sees Large Increase in Short Interest

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 4,702 shares, an increase of 1,247.3% from the August 31st total of 349 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,432 shares, the short-interest ratio is currently 1.4 days.

X-Square Municipal Income Tax Free ETF Trading Up 0.1%

X-Square Municipal Income Tax Free ETF stock traded up $0.03 during mid-day trading on Friday, reaching $24.67. The company had a trading volume of 1,435 shares, compared to its average volume of 2,406. X-Square Municipal Income Tax Free ETF has a 1 year low of $23.06 and a 1 year high of $28.65. The stock’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $25.41.

X-Square Municipal Income Tax Free ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, July 2nd were paid a $0.5476 dividend. This represents a $2.19 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Thursday, July 2nd. This is an increase from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.0594.

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.