Short Interest in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Drops By 18.9%

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 892 shares, a decrease of 18.9% from the November 30th total of 1,100 shares. Based on an average trading volume of 269 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 269 shares, the days-to-cover ratio is presently 3.3 days.

Hedge Funds Weigh In On 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) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,620 shares of the company’s stock, valued at approximately $318,000. Jane Street Group LLC owned about 7.05% of X-Square Municipal Income Tax Free ETF at the end of the most recent reporting period.

X-Square Municipal Income Tax Free ETF Trading Up 1.7%

ZTAX stock opened at $25.63 on Friday. X-Square Municipal Income Tax Free ETF has a 52 week low of $23.40 and a 52 week high of $29.23. The firm has a 50 day moving average of $25.76 and a 200 day moving average of $25.15.

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.