X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX – Get Free Report) saw 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. Based on an average trading volume of 136 shares, the short-interest ratio is presently 8.2 days. Approximately 0.6% of the shares of the company are short sold.
X-Square Municipal Income Tax Free ETF Stock Performance
ZTAX stock traded down $0.07 during midday trading on Friday, reaching $25.11. The company had a trading volume of 9 shares, compared to its average volume of 1,162. The stock has a 50 day moving average price of $25.40 and a 200 day moving average price of $25.53. X-Square Municipal Income Tax Free ETF has a fifty-two week low of $23.67 and a fifty-two week high of $28.60.
Institutional Trading of X-Square Municipal Income Tax Free ETF
A hedge fund recently raised its stake in X-Square Municipal Income Tax Free ETF stock. X Square Capital LLC increased its position in X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX – Free Report) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,766 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.
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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