X-Square Municipal Income Tax Free ETF (ZTAX) is an exchange-traded fund in the Muni National Interm category. It has $7.22M in assets, an expense ratio of 0.92% and a 4.43% dividend yield. 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. The adviser expects to invest up to 100% of its assets in tax-exempt municipal securities issued by Puerto Rico, Guam and the U.S. Virgin Islands. Municipal securities may be of any maturity, duration or credit rating including those rated…