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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,169 shares, a drop of 54.2% from the September 30th total of 6,918 shares. Based on an average trading volume of 9,995 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Sparkline Intangible Value ETF

A hedge fund recently bought a new stake in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc bought a new position in shares of Sparkline Intangible Value ETF (NYSEARCA:ITAN) in the third quarter, according to its most recent Form 13F filing 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 1.0% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 25th biggest holding. Accordant Advisory Group Inc owned 1.31% of Sparkline Intangible Value ETF as of its most recent filing with the Securities and Exchange Commission.

Sparkline Intangible Value ETF Stock Performance

Shares of Sparkline Intangible Value ETF stock traded down $0.72 during trading on Friday, reaching $44.79. The company had a trading volume of 12,556 shares, compared to its average volume of 9,374. The company has a market cap of $122.28 million, a price-to-earnings ratio of 16.94 and a beta of 1.08. Sparkline Intangible Value ETF has a fifty-two week low of $34.22 and a fifty-two week high of $45.54. The firm’s fifty day moving average is $44.50 and its 200-day moving average is $40.93.

Sparkline Intangible Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.1402 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 28th. This is a boost from Sparkline Intangible Value ETF’s previous quarterly dividend of $0.1045.

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.