VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 71.2% in July

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 6,031 shares, a decline of 71.2% from the July 15th total of 20,941 shares. Based on an average trading volume of 15,613 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

VanEck Robotics ETF Price Performance

NASDAQ IBOT opened at $68.69 on Thursday. VanEck Robotics ETF has a twelve month low of $46.22 and a twelve month high of $69.40. The business has a 50-day moving average price of $65.71 and a 200-day moving average price of $61.62. The firm has a market cap of $103.03 million, a price-to-earnings ratio of 27.21 and a beta of 1.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accel Wealth Management grew its holdings in VanEck Robotics ETF by 30.4% during the 2nd quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after buying an additional 3,420 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of VanEck Robotics ETF in the first quarter worth $256,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of VanEck Robotics ETF in the second quarter worth $420,000.

VanEck Robotics ETF Company Profile

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.