X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Short Interest Update

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 892 shares, a drop of 18.9% from the November 30th total of 1,100 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 269 shares, the short-interest ratio is presently 3.3 days. Based on an average daily volume of 269 shares, the short-interest ratio is presently 3.3 days. Approximately 0.5% of the company’s stock are short sold.

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

An institutional investor recently bought a new position in X-Square Municipal Income Tax Free ETF stock. Jane Street Group LLC acquired a new position in shares of X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

X-Square Municipal Income Tax Free ETF Price Performance

NYSEARCA:ZTAX traded down $0.21 during mid-day trading on Wednesday, reaching $25.79. 420 shares of the stock were exchanged, compared to its average volume of 1,603. X-Square Municipal Income Tax Free ETF has a 1-year low of $23.40 and a 1-year high of $29.23. The business has a fifty day moving average price of $25.73 and a 200 day moving average price of $25.14.

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.