Sparkline Intangible Value ETF (NYSEARCA:ITAN) Short Interest Up 88.9% in May

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 1,700 shares, an increase of 88.9% from the May 15th total of 900 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Sparkline Intangible Value ETF Stock Up 1.1%

Shares of NYSEARCA ITAN traded up $0.36 during trading hours on Monday, reaching $31.62. 307 shares of the stock traded hands, compared to its average volume of 4,627. The company’s 50-day simple moving average is $29.77 and its two-hundred day simple moving average is $30.83. The company has a market capitalization of $40.47 million, a P/E ratio of 18.11 and a beta of 1.09. Sparkline Intangible Value ETF has a 52-week low of $25.80 and a 52-week high of $33.01.

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.