Short Interest in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Drops By 93.7%

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

X-Square Municipal Income Tax Free ETF Trading Up 4.0%

NYSEARCA ZTAX traded up $1.00 on Thursday, hitting $26.26. 563 shares of the stock were exchanged, compared to its average volume of 1,535. The company’s 50-day moving average price is $25.55 and its two-hundred day moving average price is $25.36. X-Square Municipal Income Tax Free ETF has a 52-week low of $23.40 and a 52-week high of $28.34.

X-Square Municipal Income Tax Free ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.5072 per share. 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 Friday, January 2nd. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.7%.

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 acquired a new position in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 filing with the Securities and Exchange Commission (SEC).

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.