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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,283 shares, a decrease of 40.8% from the June 15th total of 7,237 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,127 shares, the days-to-cover ratio is currently 0.6 days.

Sparkline Intangible Value ETF Stock Up 0.3%

Shares of NYSEARCA ITAN traded up $0.14 during trading hours on Thursday, hitting $42.05. 3,207 shares of the stock were exchanged, compared to its average volume of 8,178. Sparkline Intangible Value ETF has a 12 month low of $31.75 and a 12 month high of $43.07. The firm has a fifty day moving average price of $41.53 and a 200-day moving average price of $38.95. The company has a market cap of $94.19 million, a PE ratio of 16.94 and a beta of 1.08.

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.