VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 20,749 shares, a growth of 119.2% from the August 31st total of 9,465 shares. Based on an average daily trading volume, of 14,056 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Heartland Consultants Inc. bought a new stake in shares of VanEck Robotics ETF in the second quarter valued at about $420,000. Accel Wealth Management boosted its stake in VanEck Robotics ETF by 30.4% in the second 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. Finally, Tidal Investments LLC lifted its stake in VanEck Robotics ETF by 16.0% in the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock valued at $594,000 after purchasing an additional 1,191 shares during the last quarter.
VanEck Robotics ETF Price Performance
Shares of VanEck Robotics ETF stock traded down $0.25 during midday trading on Monday, hitting $64.56. 8,826 shares of the company were exchanged, compared to its average volume of 18,121. The firm has a 50 day simple moving average of $65.08 and a 200-day simple moving average of $63.12. The firm has a market cap of $102.00 million, a P/E ratio of 27.21 and a beta of 1.36. VanEck Robotics ETF has a 52 week low of $47.92 and a 52 week high of $69.42.
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.
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