Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Rises By 75.2%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the recipient 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. Approximately 1.4% of the company’s stock are sold short.

Sparkline Intangible Value ETF Price Performance

ITAN stock traded up $0.36 during trading hours on Monday, reaching $40.12. 3,263 shares of the stock were exchanged, compared to its average volume of 8,001. The firm’s 50-day moving average is $37.62 and its 200-day moving average is $37.27. The company has a market cap of $80.24 million, a price-to-earnings ratio of 16.94 and a beta of 1.07. Sparkline Intangible Value ETF has a 12 month low of $30.30 and a 12 month high of $40.68.

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.