Sparkline Intangible Value ETF (NYSEARCA:ITAN) Sees Significant Decline in Short Interest

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 6,881 shares, a drop of 75.8% from the April 30th total of 28,396 shares. Based on an average daily trading volume, of 10,612 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Sparkline Intangible Value ETF Price Performance

Sparkline Intangible Value ETF stock traded up $0.56 during mid-day trading on Friday, reaching $42.68. The company had a trading volume of 7,915 shares, compared to its average volume of 7,795. Sparkline Intangible Value ETF has a 1 year low of $30.61 and a 1 year high of $42.76. The company has a market capitalization of $85.36 million, a P/E ratio of 16.94 and a beta of 1.07. The stock’s 50-day simple moving average is $38.40 and its 200-day simple moving average is $37.61.

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.