Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Decreases By 40.8%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,283 shares, a drop of 40.8% from the June 15th total of 7,237 shares. Based on an average trading volume of 7,127 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.

Sparkline Intangible Value ETF Trading Up 0.3%

NYSEARCA:ITAN traded up $0.14 on Thursday, reaching $42.05. 3,207 shares of the stock traded hands, compared to its average volume of 8,178. Sparkline Intangible Value ETF has a 1-year low of $31.75 and a 1-year high of $43.07. The company’s 50 day moving average is $41.53 and its 200-day moving average is $38.95. The firm has a market capitalization of $94.19 million, a price-to-earnings 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.