Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Drops By 41.7%

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

Sparkline Intangible Value ETF Stock Performance

Shares of NYSEARCA ITAN traded up $0.14 during mid-day trading on Wednesday, hitting $41.97. 14,983 shares of the stock were exchanged, compared to its average volume of 8,224. The company has a market cap of $83.94 million, a P/E ratio of 16.94 and a beta of 1.08. The stock’s fifty day simple moving average is $40.89 and its two-hundred day simple moving average is $38.61. Sparkline Intangible Value ETF has a twelve month low of $31.75 and a twelve month high of $43.07.

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.