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

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the target of a large 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,267 shares, the short-interest ratio is currently 0.3 days.

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

ZTAX stock opened at $24.46 on Friday. The business’s fifty day simple moving average is $25.29 and its two-hundred day simple moving average is $25.46. X-Square Municipal Income Tax Free ETF has a twelve month low of $23.06 and a twelve month high of $28.65.

X-Square Municipal Income Tax Free ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, July 2nd were paid a $0.5476 dividend. 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%. This is an increase from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On X-Square Municipal Income Tax Free ETF

A hedge fund recently bought a new position in X-Square Municipal Income Tax Free ETF stock. Jane Street Group LLC purchased a new position in shares of X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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.