Short Interest in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Decreases By 65.4%

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 349 shares, a drop of 65.4% from the August 15th total of 1,008 shares. Based on an average daily trading volume, of 1,267 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

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

Shares of ZTAX traded down $0.33 during trading hours on Friday, hitting $24.46. The company had a trading volume of 12,951 shares, compared to its average volume of 2,333. X-Square Municipal Income Tax Free ETF has a 52-week low of $23.06 and a 52-week high of $28.65. The stock’s 50 day moving average price is $25.29 and its 200 day moving average price is $25.46.

X-Square Municipal Income Tax Free ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, July 2nd were paid a $0.5476 dividend. This is an increase from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $2.19 dividend on an annualized basis and a yield of 9.0%.

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 X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,620 shares of the company’s stock, valued at approximately $318,000. Jane Street Group LLC owned 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.