X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Short Interest Down 73.9% in January

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 216 shares, a decrease of 73.9% from the December 31st total of 827 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,225 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,225 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On X-Square Municipal Income Tax Free ETF

An institutional investor recently raised its position in X-Square Municipal Income Tax Free ETF stock. X Square Capital LLC boosted its holdings in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,766 shares of the company’s stock after purchasing an additional 595 shares during the quarter. X Square Capital LLC owned about 44.87% of X-Square Municipal Income Tax Free ETF worth $2,000,000 at the end of the most recent quarter.

X-Square Municipal Income Tax Free ETF Price Performance

Shares of NYSEARCA ZTAX traded up $0.33 during midday trading on Thursday, hitting $25.43. 4,610 shares of the company’s stock were exchanged, compared to its average volume of 2,516. The firm’s fifty day simple moving average is $25.61 and its 200-day simple moving average is $25.23. X-Square Municipal Income Tax Free ETF has a twelve month low of $23.40 and a twelve month high of $28.34.

X-Square Municipal Income Tax Free ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, January 2nd were issued a $0.5072 dividend. This represents a $2.03 annualized dividend 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.

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.