X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Shares Shorted: Short Interest Down 64.6% in September

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,663 shares, a drop of 64.6% from the September 15th total of 4,702 shares. Based on an average trading volume of 2,661 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are sold short.

X-Square Municipal Income Tax Free ETF Trading Down 4.3%

Shares of X-Square Municipal Income Tax Free ETF stock traded down $1.02 during trading on Wednesday, reaching $22.47. The company’s stock had a trading volume of 1,635 shares, compared to its average volume of 2,388. The business’s fifty day moving average price is $24.74 and its 200-day moving average price is $25.21. X-Square Municipal Income Tax Free ETF has a one year low of $21.26 and a one year high of $28.65.

X-Square Municipal Income Tax Free ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.0464 per share. This represents a $0.19 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. This is a drop from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.5476.

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.