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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 18,321 shares, an increase of 96.1% from the July 15th total of 9,342 shares. Based on an average daily trading volume, of 32,117 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Sparkline Intangible Value ETF Trading Down 0.2%

Shares of ITAN stock traded down $0.07 during trading hours on Friday, reaching $45.01. The stock had a trading volume of 3,782 shares, compared to its average volume of 9,990. The stock’s fifty day simple moving average is $42.38 and its 200 day simple moving average is $39.74. The firm has a market capitalization of $117.03 million, a PE ratio of 16.94 and a beta of 1.08. Sparkline Intangible Value ETF has a 12 month low of $33.04 and a 12 month high of $45.08.

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.