Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Grows By 526.3%

VanEck Robotics ETF (NASDAQ:IBOT) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 46,672 shares, a growth of 526.3% from the January 15th total of 7,452 shares. Approximately 6.2% of the shares of the stock are sold short. Based on an average daily volume of 15,615 shares, the short-interest ratio is presently 3.0 days. Based on an average daily volume of 15,615 shares, the short-interest ratio is presently 3.0 days. Approximately 6.2% of the shares of the stock are sold short.

VanEck Robotics ETF Trading Down 0.0%

Shares of NASDAQ:IBOT traded down $0.01 during midday trading on Wednesday, hitting $59.22. 6,663 shares of the stock were exchanged, compared to its average volume of 16,161. The stock has a market cap of $44.42 million, a P/E ratio of 27.21 and a beta of 1.28. VanEck Robotics ETF has a twelve month low of $33.42 and a twelve month high of $59.86. The company has a 50 day moving average price of $54.91 and a 200-day moving average price of $51.38.

VanEck Robotics ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 38.0%.

Institutional Trading of VanEck Robotics ETF

Large investors have recently modified their holdings of the business. Glassman Wealth Services acquired a new position in shares of VanEck Robotics ETF during the 3rd quarter worth approximately $79,000. Jane Street Group LLC purchased a new position in VanEck Robotics ETF during the first quarter worth $256,000. Accel Wealth Management purchased a new position in VanEck Robotics ETF during the third quarter worth $453,000. Flow Traders U.S. LLC acquired a new position in shares of VanEck Robotics ETF in the second quarter worth $607,000. Finally, Avestar Capital LLC purchased a new stake in shares of VanEck Robotics ETF in the third quarter valued at $1,983,000.

About VanEck Robotics ETF

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.