Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Grows By 118.1%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 9,342 shares, an increase of 118.1% from the June 30th total of 4,283 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 8,842 shares, the short-interest ratio is currently 1.1 days.

Sparkline Intangible Value ETF Price Performance

Shares of ITAN traded up $0.59 during mid-day trading on Tuesday, hitting $42.68. 12,748 shares of the company’s stock were exchanged, compared to its average volume of 10,289. The company has a market cap of $107.55 million, a PE ratio of 16.94 and a beta of 1.08. Sparkline Intangible Value ETF has a 52 week low of $31.75 and a 52 week high of $43.07. The company has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $39.19.

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.