Sparkline Intangible Value ETF (NYSEARCA:ITAN) Stock Short Interest Report for October

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 15,768 shares, an increase of 397.6% from the October 15th total of 3,169 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 11,074 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Sparkline Intangible Value ETF

An institutional investor recently bought a new stake in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc bought a new stake in Sparkline Intangible Value ETF (NYSEARCA:ITAN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,750 shares of the company’s stock, valued at approximately $1,558,000. Sparkline Intangible Value ETF makes up approximately 1.0% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 25th largest position. Accordant Advisory Group Inc owned about 1.31% of Sparkline Intangible Value ETF as of its most recent SEC filing.

Sparkline Intangible Value ETF Price Performance

ITAN stock traded down $0.46 on Thursday, hitting $45.08. 14,403 shares of the company were exchanged, compared to its average volume of 9,428. Sparkline Intangible Value ETF has a twelve month low of $34.22 and a twelve month high of $45.93. The business’s fifty day moving average is $44.55 and its two-hundred day moving average is $41.27. The stock has a market capitalization of $123.97 million, a price-to-earnings ratio of 17.76 and a beta of 1.09.

Sparkline Intangible Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.1402 per share. This is a boost from Sparkline Intangible Value ETF’s previous quarterly dividend of $0.1045. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, September 28th.

Sparkline Intangible Value ETF Company Profile

The Sparkline Intangible Value ETF (ITAN) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund comprised of US-listed companies the fund adviser believes to be attractive in terms of intangible assets. ITAN was launched on Jun 29, 2021 and is managed by Sparkline.