Sparkline Intangible Value ETF (NYSEARCA:ITAN) Short Interest Up 80.5% in May

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 12,423 shares, an increase of 80.5% from the May 14th total of 6,881 shares. Based on an average daily volume of 5,183 shares, the short-interest ratio is presently 2.4 days. Approximately 0.6% of the shares of the stock are short sold.

Sparkline Intangible Value ETF Stock Down 0.7%

NYSEARCA ITAN traded down $0.30 during trading hours on Tuesday, reaching $42.24. The company’s stock had a trading volume of 5,990 shares, compared to its average volume of 8,246. The firm’s 50-day moving average price is $39.89 and its 200-day moving average price is $38.18. Sparkline Intangible Value ETF has a 1 year low of $31.24 and a 1 year high of $43.07. The company has a market capitalization of $84.48 million, a price-to-earnings 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.