X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX – Get Free Report) saw a significant drop in short interest in 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. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is presently 0.7 days.
X-Square Municipal Income Tax Free ETF Price Performance
Shares of ZTAX stock traded up $0.14 on Monday, hitting $24.48. The stock 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 twelve month low of $21.26 and a twelve month high of $28.65. The company has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $25.21.
X-Square Municipal Income Tax Free ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.0464 per share. This is a drop 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.
About X-Square Municipal Income Tax Free ETF
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.
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