Sparkline Intangible Value ETF (NYSEARCA:ITAN) Sees Large Decrease in Short Interest

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,931 shares, a drop of 45.8% from the July 30th total of 18,321 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 7,111 shares, the days-to-cover ratio is presently 1.4 days.

Sparkline Intangible Value ETF Price Performance

NYSEARCA ITAN traded down $0.25 during trading on Monday, hitting $44.76. 3,379 shares of the company’s stock traded hands, compared to its average volume of 9,652. The stock has a fifty day moving average of $43.03 and a two-hundred day moving average of $40.26. Sparkline Intangible Value ETF has a 12-month low of $33.33 and a 12-month high of $45.08. The firm has a market cap of $116.38 million, a P/E ratio of 16.94 and a beta of 1.08.

About Sparkline Intangible Value ETF

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.