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

Sparkline Intangible Value ETF (NYSEARCA:ITANGet Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,881 shares, a drop of 75.8% from the April 30th total of 28,396 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 10,612 shares, the days-to-cover ratio is currently 0.6 days.

Sparkline Intangible Value ETF Trading Up 1.3%

ITAN traded up $0.56 during midday trading on Friday, hitting $42.68. 7,915 shares of the company traded hands, compared to its average volume of 7,795. The company has a market capitalization of $85.36 million, a price-to-earnings ratio of 16.94 and a beta of 1.07. Sparkline Intangible Value ETF has a 52-week low of $30.61 and a 52-week high of $42.76. The business has a 50 day simple moving average of $38.40 and a two-hundred day simple moving average of $37.61.

Sparkline Intangible Value ETF Company Profile

(Get Free Report)

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.

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