X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Short Interest Down 76.9% in May

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,109 shares, a decline of 76.9% from the April 30th total of 4,809 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 136 shares, the short-interest ratio is currently 8.2 days.

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 position in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,766 shares of the company’s stock after purchasing 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 Stock Performance

Shares of NYSEARCA ZTAX traded down $0.07 during midday trading on Friday, hitting $25.11. 9 shares of the company’s stock were exchanged, compared to its average volume of 1,162. The stock’s 50 day moving average price is $25.40 and its 200-day moving average price is $25.53. X-Square Municipal Income Tax Free ETF has a twelve month low of $23.67 and a twelve month high of $28.60.

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.