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

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

Sparkline Intangible Value ETF Stock Performance

ITAN traded up $0.36 during midday trading on Monday, hitting $40.12. The company had a trading volume of 3,263 shares, compared to its average volume of 8,001. The company has a market capitalization of $80.24 million, a PE ratio of 16.94 and a beta of 1.07. Sparkline Intangible Value ETF has a twelve month low of $30.30 and a twelve month high of $40.68. The firm’s 50-day simple moving average is $37.62 and its 200-day simple moving average is $37.27.

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.