Sparkline Intangible Value ETF (NYSEARCA:ITAN) Sees Large Growth in Short Interest

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 15,768 shares, a growth of 397.6% from the October 15th total of 3,169 shares. Based on an average daily trading volume, of 11,074 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Sparkline Intangible Value ETF

A hedge fund recently bought a new stake in Sparkline Intangible Value ETF stock. Accordant Advisory Group Inc acquired a new stake in Sparkline Intangible Value ETF (NYSEARCA:ITAN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,750 shares of the company’s stock, valued at approximately $1,558,000. Sparkline Intangible Value ETF accounts for approximately 1.0% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 25th largest holding. Accordant Advisory Group Inc owned approximately 1.31% of Sparkline Intangible Value ETF as of its most recent filing with the SEC.

Sparkline Intangible Value ETF Stock Up 0.9%

Sparkline Intangible Value ETF stock traded up $0.39 on Wednesday, hitting $45.52. The company’s stock had a trading volume of 4,803 shares, compared to its average volume of 9,391. The firm has a market cap of $125.18 million, a P/E ratio of 17.76 and a beta of 1.09. The company has a fifty day moving average price of $44.52 and a 200-day moving average price of $41.20. Sparkline Intangible Value ETF has a one year low of $34.22 and a one year high of $45.93.

Sparkline Intangible Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.1402 per share. This is an increase 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 dividend yield of 1.2%.

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.