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 target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,061 shares, an increase of 391.2% from the January 15th total of 216 shares. Based on an average daily volume of 3,636 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 3,636 shares, the days-to-cover ratio is presently 0.3 days.

X-Square Municipal Income Tax Free ETF Price Performance

X-Square Municipal Income Tax Free ETF stock opened at $25.38 on Wednesday. X-Square Municipal Income Tax Free ETF has a 52 week low of $23.40 and a 52 week high of $28.34. The company’s 50 day moving average price is $25.56 and its two-hundred day moving average price is $25.30.

X-Square Municipal Income Tax Free ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.5072 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, January 2nd. This is a positive change from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.06.

Institutional Trading of X-Square Municipal Income Tax Free ETF

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 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 & Exchange Commission.

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.