X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Stock Short Interest Climbs 1,247.3%

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) saw 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 Trading Up 0.4%

X-Square Municipal Income Tax Free ETF stock traded up $0.09 during midday trading on Thursday, reaching $24.64. The company’s stock had a trading volume of 2,486 shares, compared to its average volume of 2,414. The stock’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $25.41. X-Square Municipal Income Tax Free ETF has a 52-week low of $23.06 and a 52-week high of $28.65.

X-Square Municipal Income Tax Free ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.5476 per share. This represents a $2.19 annualized dividend and a dividend yield of 8.9%. This is an increase from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.0594. The ex-dividend date was Thursday, July 2nd.

X-Square Municipal Income Tax Free ETF Company Profile

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.