X-Square Municipal Income Tax Free ETF (ZTAX) Short Interest Ratio & Short Volume

Short interest is the volume of X-Square Municipal Income Tax Free ETF shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 3,200 shares of ZTAX short. Learn More on X-Square Municipal Income Tax Free ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. ZTAX shares currently have a short interest ratio of 1.0. Learn More on X-Square Municipal Income Tax Free ETF's short interest ratio.

X-Square Municipal Income Tax Free ETF saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,200 shares, a decline of 20.0% from the previous total of 4,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to X-Square Municipal Income Tax Free ETF: First Trust New York Municipal High Income ETF (1.29%), John Hancock Dynamic Municipal Bond ETF (0.47%), NYLI MacKay California Municipal Intermediate ETF (3.56%), Eaton Vance Intermediate Municipal Income ETF (0.66%), Xtrackers Municipal Infrastructure Revenue Bond ETF (0.19%), Invesco New York AMT-Free Municipal Bond ETF (0.07%), ActivePassive Intermediate Municipal Bond ETF (0.81%), Capital Group Municipal High-Income ETF (0.73%), First Trust Ultra Short Duration Municipal ETF (0.38%), JPMorgan Sustainable Municipal Income ETF (0.31%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($29.20 billion), Strategy Incorporated ($10.88 billion), iShares 20+ Year Treasury Bond ETF ($10.04 billion), Capital One Financial Co. ($5.51 billion), Charter Communications, Inc. ($5.00 billion), Super Micro Computer, Inc. ($4.43 billion), Apollo Global Management, Inc. ($4.02 billion), Hims & Hers Health, Inc. ($3.65 billion), VanEck Semiconductor ETF ($3.27 billion), and Coinbase Global, Inc. ($3.10 billion). View all of the most shorted stocks.

Short selling ZTAX is an investing strategy that aims to generate trading profit from X-Square Municipal Income Tax Free ETF as its price is falling. ZTAX shares are trading down $0.30 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for X-Square Municipal Income Tax Free ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ZTAX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ZTAX, twice per month. The most recent reporting period available is May, 15 2025.