Sparkline Intangible Value ETF (NYSEARCA:ITAN) Short Interest Up 88.9% in May

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,700 shares, a growth of 88.9% from the May 15th total of 900 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Sparkline Intangible Value ETF Trading Up 1.1%

ITAN traded up $0.36 during trading hours on Monday, hitting $31.62. The company’s stock had a trading volume of 307 shares, compared to its average volume of 4,627. Sparkline Intangible Value ETF has a fifty-two week low of $25.80 and a fifty-two week high of $33.01. The firm has a market capitalization of $40.47 million, a PE ratio of 18.11 and a beta of 1.09. The company has a 50-day simple moving average of $29.77 and a 200 day simple moving average of $30.83.

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.