VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 53,328 shares, an increase of 157.0% from the September 15th total of 20,749 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 11,076 shares, the days-to-cover ratio is currently 4.8 days.
Hedge Funds Weigh In On VanEck Robotics ETF
Several institutional investors have recently bought and sold shares of IBOT. Tidal Investments LLC grew its holdings in VanEck Robotics ETF by 16.0% during the second 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 period. Accel Wealth Management increased its position in VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after buying an additional 3,420 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in VanEck Robotics ETF in the second quarter worth $420,000.
VanEck Robotics ETF Price Performance
Shares of VanEck Robotics ETF stock traded down $0.55 on Monday, reaching $65.14. 7,970 shares of the company traded hands, compared to its average volume of 17,740. VanEck Robotics ETF has a 52 week low of $47.92 and a 52 week high of $69.42. The company has a 50 day moving average of $65.50 and a 200 day moving average of $63.95. The firm has a market capitalization of $104.22 million, a PE ratio of 27.21 and a beta of 1.37.
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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