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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a large increase in short interest in 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. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,074 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Sparkline Intangible Value ETF

A hedge fund recently bought a new position in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc acquired a new position in shares of Sparkline Intangible Value ETF (NYSEARCA:ITAN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 holdings, 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 filing with the Securities & Exchange Commission.

Sparkline Intangible Value ETF Stock Up 0.9%

NYSEARCA:ITAN traded up $0.39 during trading hours on Wednesday, reaching $45.52. The company had a trading volume of 4,803 shares, compared to its average volume of 9,391. The stock has a 50-day moving average of $44.52 and a two-hundred day moving average of $41.20. Sparkline Intangible Value ETF has a one year low of $34.22 and a one year high of $45.93. The firm has a market capitalization of $125.18 million, a PE ratio of 17.76 and a beta of 1.09.

Sparkline Intangible Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.1402 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, September 28th. This is a positive change 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.