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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 7,237 shares, a decrease of 41.7% from the May 31st total of 12,423 shares. Based on an average daily trading volume, of 12,674 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

Sparkline Intangible Value ETF Stock Performance

Shares of NYSEARCA:ITAN traded up $0.05 during midday trading on Thursday, reaching $42.02. 1,899 shares of the company’s stock were exchanged, compared to its average volume of 8,173. The company’s 50 day simple moving average is $40.96 and its two-hundred day simple moving average is $38.64. Sparkline Intangible Value ETF has a 12 month low of $31.75 and a 12 month high of $43.07. The firm has a market capitalization of $92.86 million, a PE ratio of 16.94 and a beta of 1.08.

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.