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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,423 shares, a growth of 80.5% from the May 14th total of 6,881 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 5,183 shares, the days-to-cover ratio is currently 2.4 days.

Sparkline Intangible Value ETF Trading Down 0.7%

Shares of ITAN opened at $42.24 on Wednesday. Sparkline Intangible Value ETF has a 12-month low of $31.24 and a 12-month high of $43.07. The firm has a fifty day moving average price of $40.00 and a 200-day moving average price of $38.22. The firm has a market capitalization of $84.48 million, a P/E 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.