ZTAX Short Volume
X-Square Municipal Income ETF (ZTAX) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $4.5M, listed on AMEX, carrying a beta of 0.20 to the broader market. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes, if any) in tax-exempt municipal securities, the income from which is exempt from both federal and state income tax. public since 2023-05-19.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-06-01
- Short Volume
- 6
- Total Volume
- 7
- Short %
- 85.71%
- 30-Day Avg Short %
- 41.66%
Showing 30 days of FINRA short volume data for X-Square Municipal Income ETF.
Learn how short volume is reported and how to read the data →
Frequently asked ZTAX short volume questions
- What is the daily ZTAX short volume?
- As of Jun 1, 2026, X-Square Municipal Income ETF (ZTAX) short volume is 6 shares against 7 total reported volume, or 85.71% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is ZTAX short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does ZTAX short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.