VanEck Robotics ETF (NASDAQ:IBOT) Stock Short Interest Declines 39.1%

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 32,476 shares, a decrease of 39.1% from the September 30th total of 53,328 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 9,808 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of VanEck Robotics ETF

A number of hedge funds have recently bought and sold shares of IBOT. TD Waterhouse Canada Inc. boosted its holdings in shares of VanEck Robotics ETF by 41.4% during the third quarter. TD Waterhouse Canada Inc. now owns 837 shares of the company’s stock worth $55,000 after purchasing an additional 245 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of VanEck Robotics ETF by 6.4% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,445 shares of the company’s stock valued at $287,000 after buying an additional 266 shares during the last quarter. Tidal Investments LLC lifted its position 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. SBE LLC DBA Cedar Cove Wealth Partners boosted its position in VanEck Robotics ETF by 2.6% in the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 56,421 shares of the company’s stock worth $3,643,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Investment Insight Wealth Management LLC increased its holdings in VanEck Robotics ETF by 22.2% during the third quarter. Investment Insight Wealth Management LLC now owns 8,180 shares of the company’s stock valued at $528,000 after buying an additional 1,486 shares during the last quarter.

VanEck Robotics ETF Stock Down 2.9%

Shares of NASDAQ IBOT opened at $62.02 on Friday. The stock’s 50 day moving average price is $64.24 and its 200-day moving average price is $62.25. The company has a market capitalization of $99.23 million, a PE ratio of 27.21 and a beta of 1.37. VanEck Robotics ETF has a twelve month low of $47.92 and a twelve month 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.