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

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 4,124 shares, a growth of 1,134.7% from the March 31st total of 334 shares. Based on an average trading volume of 1,397 shares, the short-interest ratio is presently 3.0 days. Currently, 2.3% of the company’s stock are sold short.

Institutional Trading of 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 shares of X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,766 shares of the company’s stock after buying an additional 595 shares during the period. X Square Capital LLC owned approximately 44.87% of X-Square Municipal Income Tax Free ETF worth $2,000,000 as of its most recent SEC filing.

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

Shares of NYSEARCA ZTAX traded down $0.34 during midday trading on Friday, hitting $25.11. 3,278 shares of the stock traded hands, compared to its average volume of 1,337. X-Square Municipal Income Tax Free ETF has a one year low of $23.67 and a one year high of $28.60. The business has a 50 day moving average price of $25.51 and a two-hundred day moving average price of $25.53.

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.