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

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 28,396 shares, an increase of 75.2% from the April 15th total of 16,205 shares. Based on an average daily trading volume, of 5,456 shares, the days-to-cover ratio is currently 5.2 days. Currently, 1.4% of the shares of the stock are sold short.

Sparkline Intangible Value ETF Stock Performance

NYSEARCA ITAN remained flat at $40.07 during trading hours on Tuesday. 3,719 shares of the company were exchanged, compared to its average volume of 8,006. The company has a market cap of $80.14 million, a PE ratio of 16.94 and a beta of 1.07. The business’s fifty day moving average price is $37.67 and its 200-day moving average price is $37.30. Sparkline Intangible Value ETF has a 12-month low of $30.30 and a 12-month high of $40.68.

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.