VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 19.7% in April

VanEck Robotics ETF (NASDAQ:IBOT) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 14,576 shares, a decline of 19.7% from the March 31st total of 18,145 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,126 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Glassman Wealth Services purchased a new stake in VanEck Robotics ETF in the third quarter worth about $79,000. Jane Street Group LLC purchased a new stake in shares of VanEck Robotics ETF during the first quarter worth about $256,000. Accel Wealth Management grew its position in shares of VanEck Robotics ETF by 8.8% during the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after purchasing an additional 800 shares in the last quarter. Finally, Avestar Capital LLC purchased a new stake in shares of VanEck Robotics ETF during the third quarter worth about $1,983,000.

VanEck Robotics ETF Stock Up 2.9%

Shares of IBOT traded up $1.73 during mid-day trading on Thursday, hitting $62.15. 8,286 shares of the company’s stock traded hands, compared to its average volume of 16,961. VanEck Robotics ETF has a 1 year low of $39.33 and a 1 year high of $62.53. The firm has a market capitalization of $68.37 million, a P/E ratio of 27.21 and a beta of 1.32. The business’s 50-day moving average price is $57.25 and its 200-day moving average price is $54.96.

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.