Sparkline Intangible Value ETF (NYSEARCA:ITAN) Short Interest Down 40.8% in June

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of 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 short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Sparkline Intangible Value ETF Price Performance

Shares of NYSEARCA ITAN traded down $0.26 during mid-day trading on Friday, hitting $41.73. The company had a trading volume of 1,413 shares, compared to its average volume of 8,168. The stock has a market cap of $93.48 million, a price-to-earnings ratio of 16.94 and a beta of 1.08. Sparkline Intangible Value ETF has a 12 month low of $31.75 and a 12 month high of $43.07. The firm’s 50 day simple moving average is $41.56 and its two-hundred day simple moving average is $38.98.

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.