Sparkline Intangible Value ETF (NYSEARCA:ITAN) Shares Shorted: Short Interest Down 54.2% in October

Sparkline Intangible Value ETF (NYSEARCA:ITAN – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,169 shares, a decrease 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 currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Sparkline Intangible Value ETF Trading Down 1.6%

Shares of ITAN stock traded down $0.72 during trading hours on Friday, reaching $44.79. 12,556 shares of the stock were exchanged, compared to its average volume of 9,374. Sparkline Intangible Value ETF has a 12-month low of $34.22 and a 12-month high of $45.54. The company’s 50-day moving average price is $44.51 and its 200-day moving average price is $40.96. The firm has a market capitalization of $122.28 million, a price-to-earnings ratio of 16.94 and a beta of 1.08.

Sparkline Intangible Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Trading of Sparkline Intangible Value ETF

A hedge fund recently bought a new position in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc bought a new position in shares of Sparkline Intangible Value ETF (NYSEARCA:ITAN – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 35,750 shares of the company’s stock, valued at approximately $1,558,000. Sparkline Intangible Value ETF comprises 1.0% of Accordant Advisory Group Inc’s holdings, making the stock its 25th biggest position. Accordant Advisory Group Inc owned 1.31% of Sparkline Intangible Value ETF as of its most recent filing with the SEC.

About Sparkline Intangible Value ETF

(Get Free Report)

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.

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