X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Short Interest Update

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

X-Square Municipal Income Tax Free ETF Stock Up 0.4%

Shares of X-Square Municipal Income Tax Free ETF stock traded up $0.09 on Thursday, reaching $24.64. The stock had a trading volume of 2,486 shares, compared to its average volume of 2,414. The company has a 50 day moving average price of $25.15 and a 200 day moving average price of $25.41. X-Square Municipal Income Tax Free ETF has a 1 year low of $23.06 and a 1 year high of $28.65.

X-Square Municipal Income Tax Free ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders 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%. This is a positive change from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.0594. The ex-dividend date was Thursday, July 2nd.

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.