Sparkline Intangible Value ETF (NYSEARCA:ITAN) Shares Shorted: Short Interest Up 397.6% in October

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

Sparkline Intangible Value ETF Stock Performance

NYSEARCA ITAN traded down $0.01 on Friday, reaching $45.07. The stock had a trading volume of 5,450 shares, compared to its average volume of 9,409. The stock has a market cap of $126.20 million, a P/E ratio of 17.76 and a beta of 1.09. Sparkline Intangible Value ETF has a 12-month low of $34.22 and a 12-month high of $45.93. The business’s 50-day moving average price is $44.55 and its 200 day moving average price is $41.27.

Sparkline Intangible Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.1402 dividend. This is a positive change from Sparkline Intangible Value ETF’s previous quarterly dividend of $0.1045. The ex-dividend date was Monday, September 28th. This represents a $0.56 annualized dividend and a yield of 1.2%.

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 acquired a new position in shares of Sparkline Intangible Value ETF (NYSEARCA:ITAN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 35,750 shares of the company’s stock, valued at approximately $1,558,000. Sparkline Intangible Value ETF comprises about 1.0% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 25th largest position. Accordant Advisory Group Inc owned approximately 1.31% of Sparkline Intangible Value ETF as of its most recent filing with the SEC.

About Sparkline Intangible Value ETF

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.