X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,036 shares, a drop of 37.7% from the September 30th total of 1,663 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,512 shares, the short-interest ratio is currently 0.7 days.
X-Square Municipal Income Tax Free ETF Stock Performance
ZTAX traded up $0.14 during trading on Monday, reaching $24.48. The company had a trading volume of 2,091 shares, compared to its average volume of 2,392. X-Square Municipal Income Tax Free ETF has a 12 month low of $21.26 and a 12 month high of $28.65. The business’s fifty day moving average price is $24.33 and its 200 day moving average price is $25.21.
X-Square Municipal Income Tax Free ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, October 2nd were issued a $0.0464 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.8%. This is a drop from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.5476. The ex-dividend date was Friday, October 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.
Further Reading
- Five stocks we like better than X-Square Municipal Income Tax Free ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for X-Square Municipal Income Tax Free ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for X-Square Municipal Income Tax Free ETF and related companies with MarketBeat.com's FREE daily email newsletter.
