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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a large decrease in short interest in 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 9,995 shares, the short-interest ratio is presently 0.3 days.

Sparkline Intangible Value ETF Stock Down 1.6%

NYSEARCA:ITAN traded down $0.72 during midday trading on Friday, hitting $44.79. The company had a trading volume of 12,556 shares, compared to its average volume of 9,374. The stock’s fifty day moving average price is $44.50 and its 200-day moving average price is $40.93. Sparkline Intangible Value ETF has a 52-week low of $34.22 and a 52-week high of $45.54. The company has a market capitalization of $122.28 million, a PE ratio of 16.94 and a beta of 1.08.

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 paid a $0.1402 dividend. This is an increase 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 Inflows and Outflows

An institutional investor recently bought a new stake in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc purchased a new stake in Sparkline Intangible Value ETF (NYSEARCA:ITAN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,750 shares of the company’s stock, valued at approximately $1,558,000. Sparkline Intangible Value ETF accounts for about 1.0% of Accordant Advisory Group Inc’s portfolio, 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 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.