X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Stock Short Interest Falls 64.6%

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

X-Square Municipal Income Tax Free ETF Price Performance

X-Square Municipal Income Tax Free ETF stock traded up $0.20 during midday trading on Monday, hitting $23.59. The company’s stock had a trading volume of 548 shares, compared to its average volume of 2,406. The company has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $25.26. X-Square Municipal Income Tax Free ETF has a 1-year low of $22.03 and a 1-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. Shareholders of record on Friday, October 2nd were given a dividend of $0.0464 per share. This is a decrease from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.5476. This represents a $0.19 annualized dividend and a yield of 0.8%. 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.