Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Declines By 45.8%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 9,931 shares, a decline of 45.8% from the July 30th total of 18,321 shares. Based on an average daily trading volume, of 7,111 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

Sparkline Intangible Value ETF Trading Up 0.0%

Shares of NYSEARCA:ITAN traded up $0.01 during midday trading on Friday, reaching $45.01. 6,132 shares of the company were exchanged, compared to its average volume of 9,690. The business’s fifty day moving average is $42.97 and its two-hundred day moving average is $40.20. Sparkline Intangible Value ETF has a one year low of $33.33 and a one year high of $45.08. The stock has a market cap of $117.03 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.