Sparkline Intangible Value ETF (NYSEARCA:ITAN) Stock Short Interest Falls 39.7%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 6,918 shares, a decline of 39.7% from the September 15th total of 11,476 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 6,488 shares, the days-to-cover ratio is presently 1.1 days.

Sparkline Intangible Value ETF Stock Performance

NYSEARCA:ITAN opened at $44.13 on Friday. The stock’s 50 day moving average price is $44.42 and its 200 day moving average price is $41.98. Sparkline Intangible Value ETF has a 52 week low of $34.22 and a 52 week high of $45.18. The company has a market capitalization of $120.47 million, a P/E ratio of 16.94 and a beta of 1.08.

Sparkline Intangible Value ETF Increases Dividend

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